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HEY do they give video on how to do the FIFO and LIFO ? can i get help and questions on these topic please thank you.
go to this link and scroll down to chap 9
https://opentuition.com/acca/f3/acca-f3-lectures/
for a well explained lifo go to https://accountingexplained.com/financial/inventories/lifo-method
good luck
Hi anybody have lifo fifo related practice questions plz send ….
arfa.5395@gmail.comHi, LIFO is one of the inventory costing method in which cost of good sold is based on the most recent purchases. on the other hand in FIFO, cost of goods sold is based on the oldest inventory item.
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