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Perpetual inventory valuation (for the @CFA Level 1 exam)

Perpetual inventory valuation (for the @CFA Level 1 exam) goes through the computation of end-of-period inventory carrying amount , cost of sales and gross profit figures under a perpetual inventory system using both the FIFO and LIFO assumptions. This video follows on from: FIFO - First in First Out - inventory valuation:    • FIFO - First in First Out - inventory...   LIFO - Last In First Out - inventory valuation:    • LIFO - Last In First Out - inventory ...   Weighted average cost (AVCO - inventory valuation:    • Weighted average cost (AVCO) - invent...