How to Calculate LIFO Inventory (Step By Step)

[@Accountinguniv]

Tell me in the comments...How much do you know about LIFO?

[@adrianwwk]

what if i have beginning inventory? let's say 10 units @ 15$ = 150$

[@shauntiahale5617]

Thank you. You made this easier to understand but I'm still struggling a bit, but I am not a quitter. Subscribed!

[@akkad7514]

out of all the people that has taught me this (including my profs), you are by far the easiest to understand, thank you

[@mersedesfunmaker5020]

Agreed!!

[@mrjony5819]

I agree.

[@nabeelkamal5839]

Dude, this came in clutch. I’ve been struggling on how to understand this, and you made it so easy!

[@Accountinguniv]

Awesome! Thank you!

[@Abdullahs_World]

I'm doing MBA from Istanbul Okan University, Turkey And you are my new teacher for accounting. I mean look how you make it so easy to understand! Thank You for being here.

[@typicalyoung9010]

literally been stuck on a question for a week watched ur video in 6 minutes and finished my whole school test

[@janedoe63214]

Thank you for explaining in terms we can understand. I was having a hard time learning this for my business math class and you just explained better than anyone that explained it to me originally. When others explained it was very confusing , Thank you posting this video.

[@tot.taxi.]

thank you so much for this, my teacher doesn't do a good job at explaining things and she goes really fast but you make it easy

[@waelana]

i freaking love u dude just saved my exam

[@fahdiafadia5484]

Really so easily to understand then tried to understand in the university my. Thank u sir

[@WinterWolf94]

Thank you! I never understood it in class.

[@mrjony5819]

You made it real easy to understand. Thank you very much.

[@damon832]

Wow this makes it so easy to understand, thank you!

[@MilanParks-t8f]

Thank you sm you really helped, idk why my teacher was making it seem so complicated.

[@chandlerwhitchurch9984]

Lol, I literally had a professor and a tutor try to teach this to me for weeks, but you just got me to understand in 5mins

[@nicholasbosca3665]

If only my professor would break these concepts down as well as you do. Literally weeks of confusion instantly solved in 6 minutes.

[@Accountinguniv]

That’s amazing! Glad it was helpful to you :)

[@andrewrinaldi2850]

I wish you were my professor this video was very helpful

[@jahzmun617]

I still don't understand

[@luke.louren.]

Your videos are so helpful! Thank you

[@Accountinguniv]

You're so welcome!

[@joyjohnson3056]

@@Accountinguniv Are you currently studying ACCA? I'm seeking a study partner

[@maggie9859]

Thank you, sir! I understand this lesson clearly!

[@kanilkumar1619]

Wonderful teaching sir....

[@Accountinguniv]

Thanks and welcome!

[@cbchaba]

thank you

[@caseywillis4028]

Thank you so much!

[@Accountinguniv]

You’re welcome!

[@Riza2suns]

Thank you for this!!

[@dariussims7888]

Do you always start with a 100

[@exxdout1144]

thank you a lot!

[@Accountinguniv]

You're welcome!

[@josefina4240]

Thank you but I have on question how do you calculate if you have 400 units on hand? What does that mean?

[@oladoyinraheem1482]

where were you able to solve this problem?

[@payton4969]

Okay but what about if it has beginning inventory?

[@Joshmxsters18]

It’s simple it just means you start with the most recent purchases and work backwards

[@devsir2745]

i love you

[@tyresetaylor1754]

why did u only times the first one