LIFO Inventory Costing

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  • @footeface
    @footeface 9 років тому +12

    You make it very easy to understand. Thank you so much for making this videos! They are amazing, wish more teachers were like you!

  • @JaTroll01
    @JaTroll01 7 років тому +1

    honestly all the videos that I've seen were complete bullshit, even my professor was garbage. Thankyou for making these videos! understood the material after watching your videos !

  • @AlexisSmithFilms
    @AlexisSmithFilms 9 років тому +2

    Thank you thank you thank you! You have no idea how frustrated i've been the last two days emailing professors and reading our confusing textbook. And in just a few minutes I was able to comprehend everything with your videos.

  • @dublinboi92
    @dublinboi92 10 років тому +3

    Just want to say thank you Matt. You saved my ass!!! Great teaching and keep up the good work!!

  • @DjSoxxOnceAgain
    @DjSoxxOnceAgain 12 років тому

    This was made in 2009 and still helping students... I have class at 7 am in manhattan and I live in queens. this means i have to wake up at 5 to leave for 5 30 and get to the train by 6. I dont always make it on time lol. You helped a lot, guy.. Thanks!

  • @godzilla_lives
    @godzilla_lives 7 років тому

    Amazingly helpful videos, and your forearms are in impeccable shape!

  • @heidschmee
    @heidschmee 12 років тому

    I just learned in 5 minutes what my teacher took 3 hours to do (and he still made no sense). Thank you!!

  • @helenlucka
    @helenlucka 12 років тому

    Thank you so much! Your videos help me a lot! I never understood the FIFO-LIFO methods.

  • @loganmeyer2606
    @loganmeyer2606 11 років тому

    Prof. Fisher, I'm going to watch your videos more often. Definitely more helpful than the SI's and teachers up in Wisconsin!

  • @yunsan
    @yunsan 11 років тому +6

    you are literally saving my future thank you so much

  • @glamourclub
    @glamourclub 13 років тому

    wow,, thank u so much professor fisher. ur helping many students around the world. i appreciate it a lot,,

  • @christianjohnston4138
    @christianjohnston4138 Рік тому

    BEST explanation I've heard so far! Thanks Matt!!

  • @alexchrisccc
    @alexchrisccc 12 років тому

    i have a test on this tomorrow, watching this i now understand it more! :D
    thanks alot!

  • @alana2you
    @alana2you 14 років тому

    Outstanding teaching, THANK YOU, I have a test tomorrow (Midterm) You made my thinking easier now with this explanation. Pls come to SD, Southwestern College :D

  • @E85-M54-Power
    @E85-M54-Power 12 років тому

    Thanks for the vid, you explained this very well. Unlike other professors.

  • @olive4514
    @olive4514 4 роки тому

    thanks sir for this ,it will help me revise for my exams

  • @hashali
    @hashali 15 років тому

    Dude ur awsome! u make it so clear and simple!

  • @rsamboragal
    @rsamboragal 14 років тому

    I love these videos.They really help!!

  • @mattfisher64
    @mattfisher64  11 років тому

    You will have a sales price in either method. The inventory costing is not concerned about the sales price. Remember, when you have a sale, you have 2 entries to prepare when you are selling a good. First you will debit A/R or Cash and credit Sales. That is the first entry and do it based on the sales price in either method. The Next entry is the debit to Cost of Goods Sold and the credit to Inventory. That is calculated based off either FIFO, LIFE, Weighted Avg or Spec Id.

  • @trancemaniac91
    @trancemaniac91 11 років тому

    finally a perfect description of accounting,thank you

  • @mattfisher64
    @mattfisher64  15 років тому

    I teach in Arizona. Hope the videos helped!!!

  • @Sambo29299
    @Sambo29299 7 років тому +1

    you just saved my lifo.. no accounting pun intended

  • @mohammedibrahim6771
    @mohammedibrahim6771 6 років тому

    Thank you professor, that was super straight forward

  • @Arabchickification
    @Arabchickification 13 років тому

    Professor you have helped so much!!!

  • @kikiamoure
    @kikiamoure 10 років тому +1

    THANK YOU SO MUCH!!! this really helped me to understand.

  • @Kriiiissiiii
    @Kriiiissiiii 12 років тому

    Thank you so much for this!! You're a great teacher!

  • @PrincydudeAfnan
    @PrincydudeAfnan 13 років тому

    A great Professor, I must say :)

  • @LailyBug7
    @LailyBug7 11 років тому

    Thank you sooo much. Keep up the good work!!!

  • @speedlearner
    @speedlearner 11 років тому +1

    Can you illustrate a base period inventory? This can be found in paragraph 14 of APB Opinion 28

  • @rodelowera7407
    @rodelowera7407 2 роки тому

    Thank you, Professor Fisher

  • @ourlagom7874
    @ourlagom7874 12 років тому

    thank you so much. your video help me so much

  • @antiorganic6
    @antiorganic6 11 років тому

    I'm confused professor. What would you do under FIFO and LIFO if you have a selling price?

  • @AlwaysaGemini
    @AlwaysaGemini 14 років тому

    i am confused at around 3:44 because i thought it is Last in, first out.... wouldn't it be 100@ 11(last)or am I totally off.. i am confused

  • @dragzzz123
    @dragzzz123 10 років тому +1

    Thank you very, VERY much!

  • @chewytreee
    @chewytreee 13 років тому

    Thank you! Thank you! Thank you!
    I get it now!

  • @realbeckieg
    @realbeckieg 10 років тому +1

    God bless you

  • @Blumainor
    @Blumainor 8 років тому +1

    if anybody is out there I need help I get it but I missing it somewhere and my number are not coming out right

  • @jpremypr
    @jpremypr 13 років тому

    Thank you!

  • @coco21620
    @coco21620 7 років тому

    this was so helpfuuuuuul

  • @kevinmill3615
    @kevinmill3615 12 років тому

    LOVE YOU!!

  • @beautifulmind62
    @beautifulmind62 11 років тому

    Thank you !!!

  • @mattfisher64
    @mattfisher64  12 років тому

    Kevin, What's up with the other comment?
    Matt

  • @BVMUSICNJ
    @BVMUSICNJ 12 років тому

    come to rutgers and replace min cao

  • @flaviogarciaii8182
    @flaviogarciaii8182 8 років тому +2

    new phone who diz

  • @yaniwebber9779
    @yaniwebber9779 11 років тому

    Accounting is that one thing that I love to hate so much.

  • @HollywoodBangers1
    @HollywoodBangers1 7 років тому +1

    i hate accounting