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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Пікірлер: 40
Great, informative video! 🙌 FIFO is so essential for inventory valuation.
thank u po sir, kahit papaano may mga returns po sa sample although medyo nalililito po ko sa sales return hehe ☺
thank you sir galing nyo po magturo
@FilipinoAccountingTutorial
Жыл бұрын
You're welcome, rdworld 🫶 Hope this video lesson will help you. Mag aral nang mabuti ❤️
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
Thanks po sir...mas naintindihan ko po lalo na't self-study po ako!!
@FilipinoAccountingTutorial
2 жыл бұрын
You're welcome, Jessica 🙂 Lapit na f2f classes, tyaga tyaga muna sa self study 🧡
@jessicacapistrano3857
2 жыл бұрын
@@FilipinoAccountingTutorial yes po sir...
Thank you po. I am an entrepreneur student at malaking tulong po ang mga videos nyo po 😊😊😊😇 more blessings po
@FilipinoAccountingTutorial
3 жыл бұрын
You're welcome windelyn. Mag aral nang mabuti ❤️
thank you so much sir !!
@FilipinoAccountingTutorial
5 ай бұрын
You're welcome, mariyea🙂 Hope this video tutorial helps you. 🫶
Maraming salamat po sir, malaking tulong po talaga ito
@FilipinoAccountingTutorial
2 жыл бұрын
Walang anuman, ezekiel 🙂 masaya kami makatulong. Mag aral nang mabuti ❤️
Thank you you so much 🙏🏻❤
@FilipinoAccountingTutorial
5 ай бұрын
You're welcome, Leaksamphors! 🙂 Mag aral nang mabuti! 🫶
THANK U SO MUCH PO, SIR! NAKATULONG PO MULI ANG VIDEO NIYO SA COLLEGE LIFE KO HUHU GOD BLESS PO 😊
@FilipinoAccountingTutorial
2 жыл бұрын
You're welcome, Rhea 🙂 Masaya kami makatulong. Mag aral nang mabuti ❤️ God bless 🙂
❤❤❤❤
@FilipinoAccountingTutorial
7 ай бұрын
Hope it helps, Ebsa 🫶
thanks for this Sir!
@FilipinoAccountingTutorial
3 жыл бұрын
You're welcome, Noemie. Mag aral nang mabuti ❤️
I think almost desame din ang LIFO sa FIFO pag compute am. Not sure po if tama po ako
pano po pag walang COGS pero may final inventory nung Quantity on hand pero wala ding total cost?
Hello po pdw po ba aq mag pa2long sa journalizing ko kc d sila nag balance sa total
Thankyou po❤️
@FilipinoAccountingTutorial
3 жыл бұрын
You're welcome John Carlo 💛
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
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
3 жыл бұрын
@@FilipinoAccountingTutorial Thank you so much Sir! Keep safe 🙂
@FilipinoAccountingTutorial
3 жыл бұрын
You're welcome, Kavina. Mag aral nang mabuti ❤️
Sir papano naman po para sa specific identification?🤧
sir pa next namn po ng gross income using FIFO cost formula :)
Pwede po next video yung Lifo method naman po? Thank you
hi po. wala po bang LIFO method nito?
Sir paano nmn po ang lifo method?
Paano po kapag fifo pero po Perpetual inventory? Thank you po ♥️
@FilipinoAccountingTutorial
2 жыл бұрын
Same lang ang Fifo method mapa perpetual and periodic ang gamit 🙂
Nalito po ako paano naging 20k
lagta hai galat jaga mei agaya😂