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  • Lesson.No : 34
  • 00:10:18

  • FA34 – LIFO Method Example - Inventory Costing Step-by-Step

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Course Lessons

  1. 1- FA1 – Accounting Basics for Beginners
  2. 2- FA2 – Accounting Equation Practice Problem (Assets = Liabilities + Equity)
  3. 3- FA3 – Classifying Accounts: Asset, Liability, Equity, Revenue, or Expense?
  4. 4- FA4 – Income Statement Example Problem - Step-by-Step Accounting Tutorial
  5. 5- FA5 – How to Prepare a Statement of Retained Earnings - Step-by-Step Accounting Tutorial
  6. 6- FA6 – Balance Sheet Example Problem - Step-by-Step Accounting Tutorial
  7. 7- FA7 – Journal Entries Explained - Beginner's Accounting Guide to Debits and Credits
  8. 8- FA8 – Journal Entry Bootcamp - Get Confident with Debits & Credits
  9. 9- FA9 – More Journal Entry Examples - Accounting for Beginners
  10. 10- FA10 – T-Accounts Example Problem - Step-by-Step Walkthrough
  11. 11- FA11 – Trial Balance Example Problem - Step-by-Step Walkthrough
  12. 12- FA12 – Adjusting Journal Entries Explained - Accounting Tutorial
  13. 13- FA13 – Adjusting Entries Practice Real Accounting Examples Explained
  14. 14- FA14 – Adjusting Entries - Comprehensive Accounting Problem (Part 1 of 4)
  15. 15- FA15 – Adjusted Trial Balance - Comprehensive Accounting Problem (Part 2 of 4)
  16. 16- FA16 – Preparing Financial Statements - Comprehensive Accounting Problem (Part 3 of 4)
  17. 17- FA17 – Closing Entries - Comprehensive Accounting Problem (Part 4 of 4)
  18. 18- FA18 – What Is a Bank Reconciliation? - Accounting for Beginners
  19. 19- FA19 – Bank Reconciliation Example - Step-by-Step Accounting Walkthrough
  20. 20- FA20 – Introduction to Accounts Receivable - Accounting Basics
  21. 21- FA21 – Percentage of Sales Method - Estimating Bad Debts in Accounting
  22. 22- FA22 – Aging of Accounts Receivable - Estimating Uncollectibles in Accounting
  23. 23- FA23 – Writing Off Bad Debts - Accounts Receivable, Allowance Method Example
  24. 24- FA24 – Inventory Explained Merchandising Accounting Basics
  25. 25- FA25 – Purchase Discounts - Inventory Accounting Example
  26. 26- FA26 – Purchase Discounts with Returns - Inventory Accounting Example
  27. 27- FA27 – Sales Discounts - Inventory Accounting Example
  28. 28- FA28 – Sales Discounts with Returns - Inventory Accounting Example
  29. 29- FA29 – Income Statement for a Merchandiser - Full Example (Part 1 of 3)
  30. 30- FA30 – Statement of Retained Earnings for a Merchandiser - Full Example (Part 2 of 3)
  31. 31- FA31 – Balance Sheet for a Merchandiser - Full Example (Part 3 of 3)
  32. 32- FA32 – Inventory Costing Methods Explained - FIFO, LIFO, Weighted Average
  33. 33- FA33 – FIFO Method Example - Inventory Costing Step-by-Step
  34. 34- FA34 – LIFO Method Example - Inventory Costing Step-by-Step
  35. 35- FA35 – Weighted Average Method Example - Inventory Costing Explained
  36. 36- FA36 – Introduction to Depreciation - Accounting for Long-Term Assets
  37. 37- FA37 – Depreciation Examples - Straight-Line, Units Of Production, Double Declining Balance
  38. 38- FA38 – Selling an Asset - Accounting for Gains and Losses on Disposal
  39. 39- FA39 – What Are Bonds? - Intro to Liabilities in Accounting
  40. 40- FA40 – Understanding Bond Pricing - Discounts vs. Premiums in Accounting
  41. 41- FA41 – Bond Quotes Example - Understanding Market Pricing of Bonds
  42. 42- FA42 – Bond Discount Accounting - Comprehensive Example Problem
  43. 43- FA43 – Bond Premium Accounting - Comprehensive Example Problem
  44. 44- FA44 – Introduction to Shareholders’ Equity - Corporate Governance Explained
  45. 45- FA45 – Shareholders’ Equity Transactions - Accounting Example Problem
  46. 46- FA46 – Shareholders’ Equity Section Explained - Balance Sheet Analysis
  47. 47- FA47 – What Is a Cash Flow Statement? - Accounting for Beginners
  48. 48- FA48 – Cash Flow Statement (Direct Method) - Operating Section Example
  49. 49- FA49 – Cash Flow Statement (Indirect Method) - Operating Section Example
  50. 50- FA50 – Investing and Financing Sections - Completing the Cash Flow Statement
  51. 51- FA51 – Introduction to Financial Analysis - Accounting Basics
  52. 52- FA52 – Horizontal Analysis Example - Step-by-Step Financial Analysis
  53. 53- FA53 – Vertical Analysis Example - Common-Size Financial Statements
  54. 54- FA54 – Ratio Analysis Example - Liquidity, Profitability, and Solvency Ratios
  55. 55- FA1 - Introduction to Financial Accounting
  56. 56- FA2 - The Accounting Equation EXAMPLE
  57. 57- FA3 - Understanding Assets, Liabilities and Equity
  58. 58- FA4 - Preparing the Financial Statements
  59. 59- FA5 - Preparing the Income Statement
  60. 60- FA6 - Preparing the Statement of Changes in Equity
  61. 61- FA7 - Preparing The Balance Sheet
  62. 62- FA8 - Financial Ratios
  63. 63- FA9 - Journal Entries Explained
  64. 64- FA10 - Journal Entries Example
  65. 65- FA11 - T-Accounts Explained
  66. 66- FA12 - The Trial Balance Example
  67. 67- FA13 - Adjusting Journal Entries Explained
  68. 68- Journal Entry Bootcamp
  69. 69- FA14 - Adjusting Journal Entries EXAMPLES
  70. 70- FA15 - Adjusting Journal Entries - MORE EXAMPLES
  71. 71- FA16 - Adjusted Trial Balance
  72. 72- FA17 - Preparing Detailed Financial Statements
  73. 73- FA18 - Closing Journal Entries EXPLAINED
  74. 74- FA19 - Accounting for Cash
  75. 75- FA20 - Bank Reconciliation Example
  76. 76- FA21 - Completing Bank Reconciliations - The Journal Entries
  77. 77- FA22 - Accounts Receivable Explained
  78. 78- FA23 - Accounts Receivable - Percentage of Sales Method Example
  79. 79- FA24 - Accounts Receivable - Aging of Receivables Method
  80. 80- FA25 - How do you Write Off a Receivable?
  81. 81- FA26 - Introduction to Inventory
  82. 82- FA27 - Inventory Discounts (2/10, Net 30) EXPLAINED
  83. 83- FA28 - Income Statement Example - NOW WITH COGS! ------
  84. 84- FA29 - Merchandiser's Financial Statements - Stmt of Changes in Equity
  85. 85- FA30 - Merchandiser's Financial Statements - Balance Sheet
  86. 86- FA31 - Inventory - FIFO, LIFO, Weighted Average Explained
  87. 87- FA 32 - Inventory - FIFO Method - FIXED 2025
  88. 88- FA 33 - Inventory - LIFO Method
  89. 89- FA 34 - Inventory - Weighted Average (Average Cost) Method
  90. 90- FA 35 - Capital Asset Depreciation
  91. 91- FA 36 - Straight-Line Depreciation Example
  92. 92- FA 37 - Units of Production Depreciation Example
  93. 93- FA 38 - Double Declining Balance Depreciation Example
  94. 94- FA 39 - Selling an Asset at a Gain or Loss Example
  95. 95- FA 40 - Liabilities, Warranties and Bonds
  96. 96- FA 41 - Bonds issued at a Discount
  97. 97- FA 42 - Bonds issued at a Premium
  98. 98- FA 43 - Shareholders' Equity
  99. 99- FA 44 - Shareholders' Equity Example Problem
  100. 100- FA 45 - Statement of Cash Flows Explained
  101. 101- FA 46 - Statement of Cash Flows Example - Direct Method
  102. 102- FA 47 - Statement of Cash Flows Example - Indirect Method
  103. 103- FA 48 - Statement of Cash Flows - Investing and Financing Sections
  104. 104- FA 49 - Financial Statement Analysis
  105. 105- FA 50 - Horizontal Analysis
  106. 106- FA 51 - Vertical Analysis
  107. 107- FA 52 - Financial Ratio Calculations and Analysis