Perpetual LIFO

Learn how to calculate cost of merchandise sold and cost of ending inventory using the perpetual LIFO method of inventory valuation.

[@MYTHOMINHTRAN]

I love your layout. It makes one realize in spot which layer is gone and which one is still in stock. Appreciate very much! Note that a student can save 3-4 minute to answer this question if your method is applied. Smart!

[@reviewingauto8060]

I spent 2 hours looking for an answer and you summed up my question in under 2 minutes. Cheers.

[@chantellechituta6875]

You helped me a lot to understand this. I will never fail again . Thank you 🥰

[@Spartan-jr1dy]

My textbook and teacher only taught the periodic inventory system so finding a clean video like this instead of people writing out(drawing) on a screen is super helpful because A, its easier to understand because I can read it and B, Its listed out without me having to rewind back in a video to figure out what was erased to see the whole imagine of the thing. So sincerely a thank you from a student in Accounting!

[@mariamlsmail2511]

Ohhhhhh lord you have simplified my work. I swear perpetual lifo method in the book was really stressing me up. Thank you so much.

[@soultanapapadopoulou2931]

This video was life saving.

[@wowcrazetheconqueror]

LIFOsaving

[@juriedesu6868]

Holy sheet, I’ve been so confused about this the whole semester and yet I was able to understand it in 8 minutes because of you. I love how you explain every single aspect. Really you’re a life saver. I have a Comprehensive exam tomorrow. Wish me luck 😂

[@accountinghelp]

Hope your exam went well, Julie!

[@aalliihd2840]

oh my god i was so desperate for one week. Next week i have an really important exam. Thank you very much. You are the best

[@mk-hb6uc]

You helped me understand this so much thank you . I’m a sophomore in high school and I’m in a collage accounting honors class thank to you I’ve learned so much. I would really appreciate it if you did more videos of LIFO and FIFO

[@Cajunfamily]

Your are amazing. Finally someone who can teach!!

[@LadyP964]

This was so awesome. It is what I was looking for a step by step of how the different cost is being used. Very, very helpful.

[@accountinghelp]

That is wonderful to hear! Happy Studying, Patrice!

[@lesliewinans9591]

I have two words, THANK YOU!!!!!

[@omohjaneajayi9495]

Thank you so much for making it so easy. You made it so easy to understand.

[@reddragon8597]

Thanks alot you are such a good teacher ❤

[@alanperez4629]

Thank you very much! I did not know how to really solve my way through this concept but you explained it really well!

[@gregoryyee3746]

Thank you for the help. It made total sense studying for the cfa

[@isabellim1502]

Great video! Studying the morning of my exam-- thanks for the help!

[@krispykatz6214]

Voice is good. Audio volume is good. Keep it up!!

[@scott_asbury]

Thank you so much! This is the best explanation out there!

[@catherinebrachman8554]

this idea saved my life. Thank you so much!

[@mehreenmalik6223]

Helpful peace of work .thank you

[@garcialexis10]

Thank you so much this video has been extremely helpful!

[@vybstarjeremy5868]

Very good explanation

[@TW1N5]

This was an amazing explanation! Thanks so much!

[@fevgab6005]

Thank you for making this video. you are awesome!!!

[@ericreid6313]

Okay wow this is perfect. Unbelievable video!

[@TheIbnyacoob]

So simplified :) thanks

[@Johanaandjason]

Very clear! Thank you.

[@krystalquach2607]

Your video is really helpful! Thank you :)

[@Tracks777]

Awesome video

[@petrusedwardjr.2598]

Thank you

[@Volpelus]

very helpful ty

[@maitesandoval4077]

This saved me 🥺

[@ericlui5239]

Thanks so much

[@ps1hagrid787]

God bless you

[@goudaner9328]

lifesaver

[@Abdulrahman65440]

Thank you thats helps a lot

[@azamashabani8065]

Very very helpful... Thanks. Can you do the same example using FIFO?PLEASEEEEEEEEEEEEEEEEEEE

[@user-kh8jw6lv4e]

How about Periodic Inventory ? there is no FIFO, LIFO or Average methods?

[@youarehere1251]

I watch and learn from KZbin and physical taking the exam in college, I guess that’s what tuition for. Less is more.

[@rawinrith5903]

Can you do the perpetual on FIFO

[@diamondprincess9859]

Hi, how do you handle trade discount, and returns in the inventory valuation?

[@accountinghelp]

The trade discount will get factored into the cost of the assets being purchased. When you receive the return, they will typically go right back into the appropriate chronological order where they belong.

[@toni.]

i love u