Accounting Tutoring - Acct 2013, Mississippi State

1

Specific Identification

Of the inventory costing methods, specific identification is by far the easiest, and the least used.

2:17

2

Weighted Average

Weighted average is another inventory costing method that applies a single average cost to all the units.

4:21

3

FIFO and LIFO

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.

20:17

		Click Here to View All Chapter 5 Problems at Once	View
1		Inventory Costing	Moderate

Chapter 5

Videos

Practice Problems

1	Specific Identification Of the inventory costing methods, specific identification is by far the easiest, and the least used.	2:17
2	Weighted Average Weighted average is another inventory costing method that applies a single average cost to all the units.	4:21
3	FIFO and LIFO 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.	20:17