Perpetual Inventory System-Specific Identification Method & FIFO

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.

Exercise Files
Inventory Valuation-Introduction (pdf)
150.37 KB
Inventory Valuation-Handout no 1u (pdf)
295.75 KB
Bhandan Jewellery (pdf)
116.40 KB
Karachi Furniture Mart (pdf)
119.76 KB
Inventory Valuation-Handout Solution-Javed Iqbal Electronic Store-FIFO & LIFO (pdf)
180.06 KB
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