Course content

91 lessons

2.1, 2.1.1 · Costs and cost behaviour

0/10

2.1.2-2.1.3 · Materials: inventory valuation and just in time

0/9

AVCO (weighted average cost): perpetual method

12m

FIFO and AVCO: the periodic method

12m

The effect of FIFO and AVCO on profit

12m

Just in time (JIT) management of inventory

12m

Inventory valuation: practice

Inventory valuation: exam practice

15m

Inventory valuation: summary

2.2.1-2.2.2 · Absorption costing

0/14

2.2.3 · Marginal costing and break-even analysis

0/12

2.2 · Decision-making using marginal costing

0/10

4.1, 4.1.1-4.1.3 · Activity based costing (ABC)

0/9

4.2.1-4.2.2 · Standard costing: materials and labour variances

0/10

4.2, 4.2.3-4.2.4 · Standard costing: overhead and sales variances

0/10

4.3.1-4.3.3 · Budgeting and budgetary control

0/7

2.1.2-2.1.3 · Materials: inventory valuation and just in timeLesson 2 of 9Free preview

FIFO (first in, first out)

Issue the oldest flour first and value what is left at the latest prices.