This web-based accounting tutorial is hosted on the SimpleStudies.com learning website. It consists of a concise article, similar to that found in a textbook covering the basics of inventory cost flow methods. Accounting for Inventories is lesson seven of eight in the accounting tutorial series and focuses on the FIFO, LIFO, and weighted average inventory cost flow methods. Sample computations for each method and respective financial statement differences are illustrated. Study notes, an accounting glossary and example problems can be downloaded free from the site, however, to access homework, quizzes, and exams, a paid subscription is required.