acct2331 at The University of Houston

8. FIFO and LIFO

in Chapter 6 (Video 8 of 10)
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FIFO and LIFO are the two most commonly used inventory costing methods. And they are also the only accounting terms that most people remember years later.

The Rest Of The Videos

1 COGS and Inventory 2:57
2 Perpetual vs Periodic 7:10
3 FOB Shipping? 8:51
4 Transportation In 8:41
5 COGS 6:18
6 Specific Identification 2:17
7 Weighted Average 4:21
8 FIFO and LIFO
You are here. 		20:17
9 Gross Profit vs Net Profit 6:15
10 Estimating with Gross Profit 7:23
Chapter 7 →

Chapter 6 Practice Problems

Click Here to View All Chapter 6 Problems at Once View
1 Consignment Inventory Easy
2 FOB Destination Easy
3 Inventory Set Aside Easy
4 Loss On Inventory Easy
5 FOB Shipping Moderate
6 FOB Shipping Moderate
7 Inventory Costing Moderate
8 The Effect of Inventory Errors Hard
← Chapter 5

Did I miss anything in Chapter 6?

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