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FIFO, LiFo, Avco

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Calculate these:

Fifo first in first out

Lifo last in first out

Avco average cost

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FIFO, LIFO, AVCO, LABOUR COSTS

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FIFO- Fist in first out

LIFO-Last in last out

AVCO - Average cost

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1. LIFO is no longer a valuation method of IAS II

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Fixed variable semi variable

Fifo lifo avco

Categories of materials or inventory

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How to calculate labour cost

How to calculate material cost

FIFO, LIFO, AVCO

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FIFO

LIFO

AVCO

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FIFO, AVCO, LIFO

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FIFI

LIFI

AVCO

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Material cost

Labour cost

Calculation (need practice)

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Previous lesson

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Material cost

Fifo

Lifo

Avco

I

Calculating inventory

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Top bottom method

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About product cost: direct material, direct labour and overheads

Methods used for inventory

-fifo

-lifo

-avco

Labour cost

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Methods of evaluating inventory;

First in first out

Last in first out

Average cost

High inventory means more tax

And so much more but have to process it in my head 😉