In this lesson, you will learn how to record inventory using the Weighted Average Inventory costing under the Perpetual Inventory System. We go through an explanation and a thorough example. We explain how you account for opening balance, receipts or purchases of inventory, issues or sales of inventory, and returns of stock with the calculation of the average unit cost of stock. Check it out.

FIFO (First-In-First-Out) Method Accounting: [ Ссылка ]

LIFO Method Accounting - Perpetual: [ Ссылка ]

Inventory Explained: [ Ссылка ]

Perpetual Inventory System Explained with Journal Entry Example: [ Ссылка ]

Periodic Inventory System Explained with Journal Entry Example: [ Ссылка ]

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