No video

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
Please subscribe:
/ filipinoaccountingtuto...
Follow us on facebook:
/ filipinoacctg.tutorial
#Fifo #InventoryCostFlow #PAS2 #Inventories
****
High quality CPALE Review Center ba ang hanap mo? 🙂
Budget friendly na plus we offer P500 discount pa! 🙂
50% OFF pa for students! 🙂
Calamba Review Center- Laguna (LCRC) is offering Online CPA Review! 💓
The CPALE Reviewers of LCRC are HIGH caliber reviewers! 🙂
Full Package Tuition Fees (50% off for students)
We are offering P500 DISCOUNT para sa mga mag-a-avail ng Full Package💓
Use Filipino Accounting Tutorial's coupon code FAT500 to avail P500 discount (Applicable lamang ito coupon code if you avail the LCRC's Full Package Online CPA Review)
Avail LCRC's Online CPA Review 20-day FREE Trial! 💓
Click here for additional information:
web.facebook.c...
Basic Accounting Playlist:
• Basic Accounting - The...
Partnership and Corporation Accounting Playlist:
Partnership: • Partnership Formation ...
Corporation: • Accounting for Corpora...
Conceptual Framework and Accounting Standards Playlist:
• Statement of Financial...
Intermediate Accounting Playlist:
• Petty Cash Fund - Impr...
Accounting for Special Transactions (Advanced Accounting) Playlist:
• Partnership Formation ...
Cost Accounting Playlist:
• Cost Accounting - Cost...
Management Advisory Services Playlist:
• Various Classification...

Пікірлер: 40

  • @boxhero_official
    @boxhero_official6 ай бұрын

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

  • @christopheropena0123
    @christopheropena01233 жыл бұрын

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

  • @rdworld
    @rdworld Жыл бұрын

    thank you sir galing nyo po magturo

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    Жыл бұрын

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

  • @bodinobryanjay4420
    @bodinobryanjay44203 жыл бұрын

    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

  • @jessicacapistrano3857
    @jessicacapistrano38572 жыл бұрын

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

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    2 жыл бұрын

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

  • @jessicacapistrano3857

    @jessicacapistrano3857

    2 жыл бұрын

    @@FilipinoAccountingTutorial yes po sir...

  • @windelynmendoza6386
    @windelynmendoza63863 жыл бұрын

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

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    3 жыл бұрын

    You're welcome windelyn. Mag aral nang mabuti ❤️

  • @mariyea69420
    @mariyea694205 ай бұрын

    thank you so much sir !!

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    5 ай бұрын

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

  • @ezekielcalbog8482
    @ezekielcalbog84822 жыл бұрын

    Maraming salamat po sir, malaking tulong po talaga ito

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    2 жыл бұрын

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

  • @leaksamphorsmoeng5828
    @leaksamphorsmoeng58285 ай бұрын

    Thank you you so much 🙏🏻❤

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    5 ай бұрын

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

  • @rheasong3946
    @rheasong39462 жыл бұрын

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

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    2 жыл бұрын

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

  • @ebsabelay671
    @ebsabelay6717 ай бұрын

    ❤❤❤❤

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    7 ай бұрын

    Hope it helps, Ebsa 🫶

  • @noemiecagatin
    @noemiecagatin3 жыл бұрын

    thanks for this Sir!

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    3 жыл бұрын

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

  • @juliusjrnerecina6314
    @juliusjrnerecina63143 жыл бұрын

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

  • @ahnpeia8630
    @ahnpeia86302 жыл бұрын

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

  • @kristinealonzo7031
    @kristinealonzo70313 жыл бұрын

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

  • @johncarlolinatoc5361
    @johncarlolinatoc53613 жыл бұрын

    Thankyou po❤️

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    3 жыл бұрын

    You're welcome John Carlo 💛

  • @kavinabernabe689
    @kavinabernabe6893 жыл бұрын

    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

    @FilipinoAccountingTutorial

    3 жыл бұрын

    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

    @kavinabernabe689

    3 жыл бұрын

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

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    3 жыл бұрын

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

  • @markjoshuazpineda9099
    @markjoshuazpineda9099 Жыл бұрын

    Sir papano naman po para sa specific identification?🤧

  • @ma.fentindiaz6994
    @ma.fentindiaz69943 жыл бұрын

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

  • @jeremiahlodia5849
    @jeremiahlodia58493 жыл бұрын

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

  • @joyceforeza5169
    @joyceforeza51693 жыл бұрын

    hi po. wala po bang LIFO method nito?

  • @chibysan8504
    @chibysan85043 жыл бұрын

    Sir paano nmn po ang lifo method?

  • @christinejoycornejo9180
    @christinejoycornejo91802 жыл бұрын

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

  • @FilipinoAccountingTutorial

    @FilipinoAccountingTutorial

    2 жыл бұрын

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

  • @friozhin9478
    @friozhin94782 ай бұрын

    Nalito po ako paano naging 20k

  • @kaka-editx
    @kaka-editx Жыл бұрын

    lagta hai galat jaga mei agaya😂