Average Cost Method of Inventory Valuation
Besides FIFO and LIFO, the Average Cost Method is another common way for accountants to value inventory. In this lesson, I explain the …
Inventory
Last-In First-Out (LIFO Method)
If you’re new to accountancy, calculating the value of ending inventory using the LIFO method can be confusing because it …
First-In First-Out (FIFO Method)
Finding the value of ending inventory using the FIFO method can be tricky unless you familiarize yourself with the right …
