Merchandise Inventory | Perpetual Inventory System | LIFO Method
1,581 views · Published 6 May 2017 · 14:28 · Indexed 7 October 2026
Channel: Urdu Main Sub Kuch Saleem Ghaffar · 2017 · Education
Hi, I am Sir Saleem Ghaffar. And You are watching Urdu Main Sub Kuch. In this video, you will learn in depth about merchandise inventory accounting about how to compute cost of goods sold and ending inventory using the LIFO (last in, first out) inventory cost assumption. An example is provided to illustrate how LIFO is used to calculate COGS and inventory.
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