How to manage inventory: FIFO, LIFO, AVCO

Learning how to manage inventory is an important part of running a business. Managing inventory (also known as stock) properly includes choosing an inventory valuation method; this video gives an overview of the first-in-first-out (FIFO), last-in-first-out (LIFO), and average cost (AVCO) methods. You’ll also learn the difference between periodic and perpetual inventory management systems.



Subscribe to our newsletter

Enter your details to receive regular news and updates from the team