Inventory Cost Flow - First in, First out (FIFO) Method

Inventory Cost Flow - First in, First out (FIFO) Method
Learn the basics of inventory cost flow under First in, First Out (FIFO) method under PAS 2.
Reference: Financial Accounting and Reporting Volume 1 by Sir Conrado T. Valix, Sir Jose F. Peralta, and Sir Christian Aris M. Valix
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[@boxhero_official]

Great, informative video! 🙌 FIFO is so essential for inventory valuation.

[@christopheropena0123]

thank u po sir, kahit papaano may mga returns po sa sample although medyo nalililito po ko sa sales return hehe ☺

[@ahnpeia8630]

pano po pag walang COGS pero may final inventory nung Quantity on hand pero wala ding total cost?

[@kristinealonzo7031]

Hello po pdw po ba aq mag pa2long sa journalizing ko kc d sila nag balance sa total

[@bodinobryanjay4420]

currently im working on this FIFO sa ERP system namin the problem is medyo nahihirapan akong i adjust yung flow ng system namin ngayon.
OK na kami sa scanning and checking of the product na inorder samin ng customers fixed na iyon but our client need this features kasi yung product nila is may expiration date unlike sa product namin na wala naman.
ngayon ang gusto kong mang yari automated parin ang system namin sa mga need ng FIFO at hindi na no need i customize ang system namin

[@windelynmendoza6386]

Thank you po. I am an entrepreneur student at malaking tulong po ang mga videos nyo po 😊😊😊😇 more blessings po

[@FilipinoAccountingTutorial]

You're welcome windelyn. Mag aral nang mabuti ❤️

[@ezekielcalbog8482]

Maraming salamat po sir, malaking tulong po talaga ito

[@FilipinoAccountingTutorial]

Walang anuman, ezekiel 🙂 masaya kami makatulong. Mag aral nang mabuti ❤️

[@rdworld]

thank you sir galing nyo po magturo

[@FilipinoAccountingTutorial]

You're welcome, rdworld 🫶 Hope this video lesson will help you. Mag aral nang mabuti ❤️

[@ma.fentindiaz6994]

sir pa next namn po ng gross income using FIFO cost formula :)

[@juliusjrnerecina6314]

I think almost desame din ang LIFO sa FIFO pag compute am. Not sure po if tama po ako

[@rheasong3946]

THANK U SO MUCH PO, SIR! NAKATULONG PO MULI ANG VIDEO NIYO SA COLLEGE LIFE KO HUHU GOD BLESS PO 😊

[@FilipinoAccountingTutorial]

You're welcome, Rhea 🙂 Masaya kami makatulong. Mag aral nang mabuti ❤️ God bless 🙂

[@leaksamphorsmoeng5828]

Thank you you so much 🙏🏻❤

[@FilipinoAccountingTutorial]

You're welcome, Leaksamphors! 🙂 Mag aral nang mabuti! 🫶

[@joyceforeza5169]

hi po. wala po bang LIFO method nito?

[@noemiecagatin]

thanks for this Sir!

[@FilipinoAccountingTutorial]

You're welcome, Noemie. Mag aral nang mabuti ❤️

[@mariyea69420]

thank you so much sir !!

[@FilipinoAccountingTutorial]

You're welcome, mariyea🙂 Hope this video tutorial helps you. 🫶

[@markjoshuazpineda9099]

Sir papano naman po para sa specific identification?🤧

[@johncarlolinatoc5361]

Thankyou po❤️

[@FilipinoAccountingTutorial]

You're welcome John Carlo 💛

[@jessicacapistrano3857]

Thanks po sir...mas naintindihan ko po lalo na't self-study po ako!!

[@FilipinoAccountingTutorial]

You're welcome, Jessica 🙂 Lapit na f2f classes, tyaga tyaga muna sa self study 🧡

[@jessicacapistrano3857]

@@FilipinoAccountingTutorial yes po sir...

[@chibysan8504]

Sir paano nmn po ang lifo method?

[@ebsabelay671]

❤❤❤❤

[@FilipinoAccountingTutorial]

Hope it helps, Ebsa 🫶

[@jeremiahlodia5849]

Pwede po next video yung Lifo method naman po? Thank you

[@kavinabernabe689]

Hello sir! I am currently working on with my business plan as school requirement. May I ask kung 1 product po, 1 computation table ng fifo system. Wala po kasi given na certain items sa sample explanation Sana po mapansin nyo. Thank you for your videos. God bless po! 😊

[@FilipinoAccountingTutorial]

Hello Kavina. Yes, 1 product, 1 computation table for Fifo. Impractical na 2 kinds of product tapos 1 table lang (or what we call stockcards).
Kunware nagbebenta ka ng office supplies. 1 computation table para sa black ballpen products, 1 computation table para sa pencils, 1 table para sa papers. Hope it helps.

[@kavinabernabe689]

@@FilipinoAccountingTutorial Thank you so much Sir! Keep safe 🙂

[@FilipinoAccountingTutorial]

You're welcome, Kavina. Mag aral nang mabuti ❤️

[@christinejoycornejo9180]

Paano po kapag fifo pero po Perpetual inventory? Thank you po ♥️

[@FilipinoAccountingTutorial]

Same lang ang Fifo method mapa perpetual and periodic ang gamit 🙂

[@friozhin9478]

Nalito po ako paano naging 20k

[@kaka-editx]

lagta hai galat jaga mei agaya😂