Perpetual Inventory - FIFO, LIFO, and Average Cost

When we sell identical goods, we can choose from several inventory costing methods when calculating Cost of Goods Sold and Ending Inventory.

Concept: Perpetual Inventory: FIFO, LIFO, and Average Cost

4m

Example: Perpetual Inventory FIFO

10m

Example: Perpetual Inventory Average Cost

11m

Example: Perpetual Inventory LIFO

8m