Inventory Valuation Methods: FIFO, WAC & Specific Identification Explained
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Inventory Valuation Methods: FIFO, WAC & Specific Identification Explained
In this video, we break down one of the most important topics in Accounting Inventory Valuation (also known as Stock Valuation). You'll learn how to calculate and apply the three main methods: 🔹 FIFO (First-In, First-Out) 🔹 Weighted Average Cost (WAC) 🔹 Specific Identification Method Whether you're a high school learner, university ...
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