Video Link: https://youtu.be/jnmG26oCGAo

In this lecture, I have:

1) Explained what is inventory valuation

2) Explained what is specific identification method under perpetual inventory system

3) Explained what are cost flow assumptions under perpetual inventory system

4) Solved a question in which specific identification method is used and calculated cost of goods sold and ending inventory &

5) Solved a question in which first in first out cost flow assumption is used and calculated cost of goods sold and ending inventory.