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\nInventory Costing: Understanding FIFO Method\n

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\n\nPublisher:\n\nThe Business Professor\n\n\n
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\nIn this video, the teacher explains the concept of FIFO (First-In, First-Out) method for inventory costing. They go through the journal entries and calculations step by step, showing how to determine the cost of goods sold and ending...\nIn this video, the teacher explains the concept of FIFO (First-In, First-Out) method for inventory costing. They go through the journal entries and calculations step by step, showing how to determine the cost of goods sold and ending inventory using this method.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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4:18
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Grade
Higher Ed
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Subjects
Career & Technical Education
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Media Type
Instructional Videos
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Source:
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\nThe Business Professor\n\n
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Date
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2021
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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business, finance, accounting, cost
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Additional Tags

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business accounting, inventory depreciation, fifo, financial accounting, journal entry, sales revenue, specific notification, gross profit, made sense, pretty straightforward, inventory costing, goods sold, problem, method, inventory, slash, purchase, sold, sold 29, cogs, exact, ahead, purchased, change, thing, minute, piece, remain, point, difference, number, expense, specific identification, retty straightforward, ending inventory, ending, place
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Inventory Costing: Understanding FIFO Method\" href=\"/subscription/new\">\"Inventory\n\n
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