Periodic Inventory System-FIFO, LIFO & Weighted Average Methods and Their Comparison

Video Link: https://youtu.be/MN7rvbVEHMw

In this video, I have explained:

1) The process of determining ending inventory , cost of goods sold & gross profit under:

a) FIFO

b) LIFO

c)Weighted Average Method under periodic inventory system

2) Comparison among ending inventory, cost of goods sold and gross profit under the above three cost flow assumptions.

Exercise Files
Periodic Inventory System-Young Memon Company (pdf)
182.88 KB
Ali Company (pdf)
137.77 KB
Comparison of FIFO, LIFO & Average (pdf)
108.46 KB
Periodic Inventory System-Morton (pdf)
176.67 KB
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