FIFO Accounting - First In First Out Stock Valuation Method

[@crystalthembi1765]

You're my life saver l have to say this. I was so stuck and l didn't know what to do on my assignment. Thank-you very much

[@danielagbaniyaka6196]

This Man right here is the GOAT.I just started a job and all we deal with is securities.I needed to understand this from a stock valuation perspective.Thank you.

[@mwansamushota7767]

Helped me last year in my financial accounting at the university of Zambia “2nd year” and am back again for cost and management accounting “3rd year”.... you’re the best!!👏🏾👏🏾👏🏾👏🏾👏🏾

[@thokozanimkhalipi-kc5fn]

I like your teachings bcoz they are brief. Thanks for assisting me. I dont think i will have any problems again with LIFO, FIFO and weighted average. God bless

[@jacklinebabirye100]

Thank you so much dear, I couldn't get this in a lecture room.

[@jannetamara5800]

Am really enjoying the lesson thank you very much may God continue to guide and protect you

[@Ema-guide]

Thanks for the lecture I gained something from it

[@hstutorial]

You are welcome. Feel free to enroll in our courses at hstutorial.com/courses

[@deshi4urtime]

This is the easiest way, Thanks man

[@chinemeremezeagu3535]

Thanks so much, was really helpful and impactful 💯💯.

[@ihejirikaadaeze1660]

I really enjoy ur teachings ❤

[@Kafayat_opeyemi]

Thanks for coming through
It's a well explanatory lectures.

[@danieladedeji4246]

This really helped me a lot, I was so confused about how to go about it in my assignment. Thanks

[@janefrancisnwadigo4113]

Thanks so much sir, I have been struggling with this FIFO and LIFE method.

[@ndazionamulaleya9310]

This really helped me am from Malawi.

[@kumbutso2286]

This has really helped me

[@hstutorial]

You're welcome!

[@pascalelaure4198]

Thank you so much God bless you. I’m applying this to Ann assignment and it’s helping me a great deal. Thank you

[@LaminSawaneh-ju7nl]

Life saver thank you so much 🙏 I understand it perfectly

[@patiencechewe7601]

You are very good..I'm understanding

[@hstutorial]

You are welcome 😎

[@olabisisogbesan6810]

Learnt an additional point.
Thank you

[@akampuriranicholas7091]

Thanks it was helpful to me

[@hstutorial]

You're welcome. Feel free to enroll in our courses at hstutorial.com/courses

[@brianondieki5372]

Good tutorial 👍, keep it up

[@samuelmunsha8454]

This is extremely great , I am helped indeed

[@hstutorial]

Success, Samuel 👍🏽

[@hstutorial]

Success, Samuel 👍🏽

[@Veronica_Graced]

This is extremely helpful. Thank you 🙏🏾

[@ambassadorsempire7544]

the email provided is bouncing back and God bless you Sir, I enjoyed your mode of teaching

[@joyify7463]

So helpful. Thank you

[@santigiebangura2078]

My account teacher thank you very much sir

[@eustaceekkatongo840]

Very good tutor,have really learnt a lot,🙏🏻🙏🏻🔥

[@hstutorial]

Thank you so much. I wish you the best

[@Joy_Lazarus]

Thank you so much I av learnt a lot

[@hstutorial]

You're welcome!

[@AdyeroLindacaroline-xf1xe]

Thanks alot have understood it just today

[@BintyShariff]

Thanks sir its amazing❤

[@SaheedOmobolaji-k9i]

You are so perfect, kudos

[@ChristelChisala]

How about in a case where the remaining balance from receipt column can Carter for the issues....what do we do,...do we get the price of the same receipt?

[@MarvelKantumoya]

Thank you so much 🥰😍

[@guleazizi4560]

May you share question involving returns and damage units under fifo,lifo and weighted average method,

[@fredrickwaitara7487]

very helpful

[@hstutorial]

Fredrick Waitara Thank you 🙇🏾

[@alexrotimi6877]

from this question,
how do you get the cost of sale and closing inventory

[@abieiman9747]

I like your lecture it's inspired me a lot.

[@naomilubumbe2451]

It's really helpful

[@marylynaccasia7860]

Nice,I'm from Ghana

[@onyinyeofoegbu6696]

Please can you borrow from the the balance side

[@frankfavour9764]

I can't say much THANK YOU!!!

[@thevikram543]

Can you build trading view indicator for pine script based on fifo and lifo levels3

[@bemdonald4881]

Thank you so much sir

[@kabwecharles5657]

Im saved thanks Charles

[@SHEKUJKAMARA-ts1bu]

Sir you are good

[@patriciamasasi2209]

Hie Charles how do you treat Standard price when valuing stock using LIFO

[@hstutorial]

Kindly share the question with me, please.

[@crystalthembi1765]

Please do the cash flow

[@mistura30]

💯💯💯

[@bernardmbeza992]

How do you calculate when the qty for the issue is smaller than the qty for the balance?

[@nancywoody2673]

Thank you so much

[@hstutorial]

You’re welcome!

[@jecintawanjiku4231]

What do u do when you have closing stock for Feb but the question say calculate For the month of march

[@ananshawatkinslareina6897]

Why aren't there unit prices for that balance section? Why is only the Opening balance with an entry ?

[@ngabofablice6508]

Sir, how do we go about the closing stock?

[@musagarba1601]

Give us lecture on cash flow statement and publish .

[@hstutorial]

Musa Garba... OK, kindly subscribe to get notification for it.
Thanks

[@reina7720]

Y would u add the $ 500 to the opening stock/ inventory.
OR if their was no opening stock/ inventory u wouldn't add it

[@hstutorial]

Yes.

[@cassandranomisaghan7468]

Thank you ❤️

[@alieukanu2387]

Good sir, sir please I want to know the difference between wage average and simple average

[@leogaalbeltine5443]

Sir come did you come about it

[@natashakanyamuna3657]

Thank you

[@aishasanidauda9214]

Thank youu sooooo muchhhh

[@ambassadorsempire7544]

Dear Sir, Kindly assist with more clarification on issue of shares, forfeiture, call in arrears, excess and pro rata basis. Thanks

[@bbg_vich]

hope i learn this

[@mariatukamara9423]

Thanks

[@sadieaquesechi9963]

What if they isn't opening balance

[@favournkemkah521]

Sir, you didn't state how to get the closing stock, and the cost of sales using this method. That's where I'm having issues.

[@edinachiboiwa8430]

well said

[@emmanuelochidoma5653]

Sir, u have done a nice job explaining FIFO, LIFO and WA. However, there's a challenging question that comes like this as seen below.
1/1/20 opening stock 1000units @ #5 per unit.
3/1/20 purchased 300 units @ #6 per unit.
8/1/20 sold 1200 units @ # 15.
12/1/20 return to vendor goods purchased on 3/1/20, 50 units.
Pls my question is how do we treat 12/1/20 information? Thanks sir, I really look forward to hearing from you.

[@hstutorial]

Hello 👋 it will be treated as “issues” with the value from 3/1/20

[@emmanuelochidoma5653]

@@hstutorial even if it means using a different rate to issue them out? It's possible that the goods is exhausted before the date requesting return to vendor. Another question is Why do we have to return goods to vendors? Is it due to over supply or bad goods? What is the HS tutorial website, I will like to visit, Thanks sir

[@hstutorial]

You’ll use the rate from 3/1/20 as stated in the question. On the other hand, the question did not specify the reason for the return.

[@JosephineNneli]

Thank you very much
But u did not determine the gross profit

[@gladyswambugu8104]

Thaaaank you

[@hstutorial]

You’re welcome!

[@pappyT2]

@@hstutorial hello

[@fabiasemedo7906]

I don’t get it where 300 came from I watched 5 times . The 300 in red

[@cjswift]

7200 ÷1000 is not 70

[@Xavier-yq8qp]

at first learn how to pronounce English words.....

[@alabisolomon4260]

God bless you sir, please do you have a group chat sir??

[@LaminSawaneh-ju7nl]

Can you write your email here .... I don't get you very well

[@AzubuikeGift-rv7qj]

Thank you very much