This video discusses the three different types of inventory for manufacturing firms: raw materials, work in process (WIP), and finished goods. An example is provided to illustrate the concepts and demonstrate how the three types of inventory are used to calculate total inventory.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* [ Ссылка ]
—
SUPPORT EDSPIRA ON PATREON
*[ Ссылка ]
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* [ Ссылка ]
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: [ Ссылка ]
* Spotify: [ Ссылка ]
* Website: [ Ссылка ]
—
GET TAX TIPS ON TIKTOK
* [ Ссылка ]
—
ACCESS INDEX OF VIDEOS
* [ Ссылка ]
—
CONNECT WITH EDSPIRA
* Facebook: [ Ссылка ]
* Instagram: [ Ссылка ]
* LinkedIn: [ Ссылка ]
—
CONNECT WITH MICHAEL
* Twitter: [ Ссылка ]
* LinkedIn: [ Ссылка ]
—
ABOUT EDSPIRA AND ITS CREATOR
* [ Ссылка ]
* [ Ссылка ]
