字幕表 動画を再生する 英語字幕をプリント hello everyone Jonathan N. Dorn CPA. As you can see this is Lifo and Fifo Inventory valuation, to see how much your inventories worth, and your cost of goods sold worth, and your net income, so this is just really fast how I do it ok, so i got FIFO first-in-first-out, LIFO last in - first out ok, this is how products come in, this is for rising prices too, everything your going to see, is gonna say, oh rising prices and inflation you know, very rarely i would think the prices go down, anyway so 30 10 20 30 This is how you get the inventory, this is how you get your product ok rising prices, well say, you know first batch is $10 second batch $20 Third batch $30, okay I kind of think of this like a conveyor belt. alright anyways, first-in-first-out, ok but it comes from this way, always in rising prices, you know right rising prices, look first-in-first-out, would be here !! going to be the first out last in first out, there, so first out means that they sold it, sold it your last you know, out means sold, so that's going to be your cost of goods sold so that's COGS that's inventory, right here, this is going to be your cost of goods sold that's COGS Cost Of Goods Sold here's going to be your inventory !!!! all right got that. so, if you do first in first out your costs are going to be lower ok, inventory is going to be higher now what's that do your income??? If your costs are down, your incomes up. there inverse what about LIFO ?? you do last in first out with rising prices your costs are going to be higher, inventory is going to be lower, and Net income, if your costs are higher, that means you're Net Income is going to be lower alright, see you would think, everyone would just do this. Right? because your incomes lower. Income lower. that means you pay less taxes, but really, if you think about is this , last in first out doesn't make sense so you're saying, the last thing in, so just came off the truck, and that's the first thing you sell ???? What about the stuff sitting on the shelf?? we're not going to get into that, but anyways like to keep this short but that's just how fast you can do this, so i will show you how fast you know if you to question or something on a test, you can just fill it in like this FIFO because it's the first one And LIFO 10 20 30 first-in-first-out. last in first out COGS COGS Inventory Inventory this is lower, so this is higher, inverse, stays with that, higher, what's the COGS are higher, INV Lower, Net Income Lower
A2 初級 米 初心者のための会計 #11/ファイフォとリフォの棚卸し/基礎編 (Accounting For Beginners #11 / Fifo and Lifo Inventory / Basics) 28 3 陳虹如 に公開 2021 年 01 月 14 日 シェア シェア 保存 報告 動画の中の単語