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FIFO | First In, First Out [Under 2 Minutes] | Finance Strategists | Your Online Finance Dictionary

“FIFO,” or First in, First out, is a method of inventory accounting which expenses the first inventory received prior to later inventory when calculating the cost of goods sold. This inventory accounting method stands in contrast with “LIFO” or “Last In, First Out” and “WAC” or “Weighted Average Cost” methods. _______________________ 0:00 FIFO Definition 0:28 Example of First In, First Out 0:36 FIFO Implications 1:14 The Purpose of FIFO 1:34 FIFO Question & Application _______________________ Talk with an advisor by emailing [email protected] Learn more by visiting the page: https://www.financestrategists.com/te... Check out the main Finance Strategists YouTube Page here:    / @financestrategists4468   _______________________ Message from the founder: Here at Finance Strategists, we believe one of the best ways you can help someone is with their finances. We create helpful informational videos and content to help people take control of their finances. Finance Strategists plans to launch "Finance Strategists for Kids" where we teach fundamental financial concepts to kids in a clear manner allowing them to generate margin in their lives to bless other people. We believe raising up a generation of leaders with financial freedom can change individual lives, neighborhoods, countries, and the world. _________________________ 🔔 Hit the bell next to Subscribe so you don't miss a video! 📧 Fill out this form to receive the "Finance Word of the Day" in your inbox! 👨🏻‍💻 Watch our newest vids! - https://bit.ly/FS-Recently-Added 💃 To book Ranie for voiceover or spokeswoman, email [email protected] _________________________ Follow us on Socials: Website: FinanceStrategists.com Instagram: @financetrategists Twitter: @FinStrategists LinkedIn: https://bit.ly/FS-linkedin Facebook: https://bit.ly/Facebook-FS