Perpetual Inventory System-LIFO & Average Method

Video Link: https://youtu.be/bu9lT6aVo2c

In this video, I have explained:

1) Method to prepare inventory card under perpetual inventory system and LIFO cost flow assumption

2) Method to prepare inventory card under perpetual inventory system and Moving Average cost flow assumption

3) Computation of gross profit saleswise and in total

4) Preparation of journal entries in total and datewise.

Exercise Files
Inventory Valuation-Handout Solution-Javed & Iqbal Electronic Stores-Moving Average-Complete Solution with computations (pdf)
196.59 KB
Inventory Valuation-Handout Solution-Multan Trading Company-new (pdf)
135.40 KB
Inventory Valuation-Handout Solution-Multan Trading Company-Moving Average. (pdf)
160.48 KB
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