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Last In First Out (LIFO) | Inventory Cost Flow | How to Pass Accounting Class

visibility 3K views calendar_month Oct 4, 2022

Last In First Out (LIFO) | Inventory Cost Flow is an accounting tutorial explaining the inventory cost flow method LIFO (Last In, First Out) and the journal entries needed to track inventory using LIFO. It provides step-by-step homework help for accounting students. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of two playlist series: How to Pass Accounting Class and Merchandise Businesses and Inventory Cost Methods. ⏰ Accounting How To Time Stamps: 00:00 Introduction to LIFO (Last In, First Out) Inventory Cost Flow Method 00:03 Bad Accounting Humor 01:08 LIFO Inventory Spreadsheet - Step-by-step Accounting Homework Help! 🏋 Download the spreadsheet here: https://docs.google.com/spreadsheets/d/13Zu6nCLZYZQS1YvzFLSy4TLBzWzk1ezz2_16mvXg_1A/edit?usp=sharing T-Accounts Explained: https://youtu.be/gHlZXrWAqYQ 🎥 Playlists: 🎥 How to Pass Accounting Class Playlist: https://youtube.com/playlist?list=PLPDomDzptO13nZXwb5-MfyN2POIrUUFyY

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