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If your business ships physical products, determining landed costs and carrying costs is essential for informing your pricing strategy and protecting your cash flow.
In this video, you’ll learn all about landed cost and carrying cost - what they are, how to make informed business decisions regarding your inventory, how to calculate landed cost and carrying cost, and how to improve profit margin.
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0:00 - Introduction
0:44 - Effective inventory management
1:25 - Understanding carrying costs
2:23 - The cons of carrying costs
2:53 - Understanding landed costs
3:52 - FIFO vs. LIFO
4:58 - Landed cost module in QuickBooks Desktop Enterprise
5:40 - Summary/Outro
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