Accounting for Inventories
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.