Accounting for Inventories
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Accounting for Inventories


Accounting for Inventories

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In lesson seven of eight from Simple Studies, the following concepts are taught: inventory cost flow methods (FIFO, LIFO, etc.), sample computations for these methods and respective financial statements differences, and the lower of cost or market rule for inventories. To access homework, quizzes, and exams a paid subscription is required ($19 per month or $99 per year).  An example of the study notes can be downloaded for free.
Material Type: Tutorial
Technical Format: HTML/Text
Date Added to MERLOT: February 06, 2008
Date Modified in MERLOT: August 05, 2014
Submitter: Susan Moncada


  • Reviewed by members of Editorial board for inclusion in MERLOT.
    Editor Review
    Very good quality; in queue to be peer reviewed
    avg: 5 rating
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Primary Audience: High School, College Lower Division
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: yes
Accessiblity Information Available: unsure
Creative Commons: unsure


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