In this accounting lesson, you will learn how to record inventory using the FIFO (First In First Out) Inventory costing under the Perpetual Inventory System. We go through an explanation and thorough example of how to calculate the value of closing inventory using the First In First Out (FIFO) Perpetual Method.

First In First Out (FIFO) | PERIODIC Example:    • First In First Out (FIFO) | PERIODIC ...  

Weighted Average Inventory Costing | PERPETUAL Example:    • Weighted Average Inventory Costing | ...  

LIFO Method Accounting - Perpetual:    • LIFO (Last-In, First-Out) Method Acco...  

Inventory Explained:    • Inventory Explained  

Perpetual Inventory System Explained with Journal Entry Example:    • Inventory Journal Entries | Perpetual...  

Periodic Inventory System Explained with Journal Entry Example:    • Inventory Journal Entries Example | P...  

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