Accounting: Periodic Inventory Method (Part I): FIFO 

Accounting made simple. My professor couldn't even hope to make things as simple as you just put it. Thank you sir.

This gentleman is FABULOUS!!!!! I have watched three of his videos, and I finally understand what is going on. It now all makes sense to me. He explains everything so well - I wish I had him as a teacher. Thank you, Professor Lazarus, for your teaching, method of teaching, and making your videos for those of us who are not privileged or fortunate enough to have you as an instructor.

i have never seen accounting broken down so simply.. great explanations!!!

Not even my Professor who graduated from USC teaches it this good! Thanks!!

Thank you so much Professor Lazarus! I am currently taking an online course, and we do not receive any physical instruction. We are merely provided assignments and due dates! This video provided clarity and the explanation I needed to understand the method! Again, thank you!

Finally! Someone who I can actually understand. Thank you so much, this video was very helpful to me.

dude you are the king of Accounting please teach at my school.

Thanks, Professor, Lazarus. That's an excellent display of scholarship.

tomorrow is my exam.. your tutorial really helps me :) Thanks...

I AM VERY MUCH IMPRESSED ABOUT THIS LESSON

The periodic inventory is clear and perfect and I wish you should make perpetual inventory too .thank you so much professor

you are amazing, thank you prof,, i have tried learning fifo so many times,from so many different sources to calculate ending inventory and was still confused, after your video, it is clear to me, thank u for this great video

He made look so simple!!!! THANK YOU SO MUCH FOR THIS VIDEO. I hope that teacher knows that he's amazing and that he helped me a lot.

Nicely explained Prof... clearly from the start

thank you so much for this! Your organization and logical sequence of steps makes accounting much more fun! Cheers!

BEST LECTURER EVER!

You are a saviour sir ... Thank you very much 🙏

Thank goodness for vitual lesson commentary. Thanks Prof. Laz!!

This is amazing !! Broken down so simply, really a huge help. Thank you very much.

Nevermind! You can forget about the question that I asked, I figured it out, but great video Professor, really great video!

Thanks for the upload and you've explained everything so clearly...

Thank you so much Professor Lazarus! This really helps I have a midterm coming up and my accounting professor is really bad at teaching this

omg you are my hero! you are wayyy better than my professor. Thank you so much !

thanks for helping me a lot of my finals Mr.lasurps

thanks for the help you were very clear to understand and I loved the pun in the end!

thanks alot prof.you are great

You made this so understandable....THANK YOU VERY MUCH Professor Lazarus!! I'm a very happy student now! :)

he is veryyyyy good. I must pass this assignment now!! :)

Instead of waiting on the side, you should just say "pause the video" and move out of the way for 2 seconds, saves you the time from having to record a board for a minute and a half

Excellent information! Wonderful handwriting! Very helpful!

I wish my instructor taught this good! All my teacher does is talk about himself and tell stories about his wife while explaining terms. What a waste of my time. This teacher is awesome!

you are very thanks you help me so much this problem it had to be for i watch it, and you are professional teacher

What great lesson.Thanks alot proff

I love this lecturer

thanks a lot professor. I find it really useful for me

thanks mr.lazarus

Thank you profblazarus

You're an awesome Professor, thank you

That is greatly explained well, I hope my instructor see this and learn how to teach properly. Thank you, u saved my @ss

thank you so much prof. Thanks from CYPRUS ! Eastern Mediterrian University :)

Wow this is very straightforward. thanks

Great video!

This man is just amazing

Wow wish you were my prof well done sir.

Well, if we are given only the ending inventory in periodic system, how do we find the beginning inventory so as to calculate the Cost of Goods Sold in the statement of comprehensive income?

Thank you that is very very very helpful

thanks mayn thats help alot haha or i would have been failed the midterm tomorrow haha but thanks to u i got this topic mwuaha

Thank you prof blazarus... well explained for my fina; exam review! :)

Sir Please make a video on perpetual inventory system as well.

Thanks you very much for such a great tutorial.

thank you very much proff.

You and I are in the same boat my friend.

Prof.do not waste time staying aside for so long, we can pause it here haha (just joking) It cannot be better, thanks.

thanks bud youre stellar

Super helpful

that's was amazing thank you so much for the great explanation

this was Super super super helpful!!

That was great .. Thank you

Amazing video, thank you very much Prof. Just one question, how does the company purchase the materials and sale the , with the same price ? you may mean that the company will purchase the materials but will issue them for their usage. am i right?

Well done! Thank you ver much for the great explanation!

How do you find the ending inventory, if its not giving to you?

thanks sir.its very use full for me

Thank you a lot....

Hi Prof. Just a question, don't you have a a book or a bundle about accounting...etc that you've made so we can purchase it?

What exactly is the difference between the Perpetual Inventory Method and the Periodic Inventory Method? Also, how do these vary when using FIFO and LIFO methods?

how do we find the purchase without knowing ending inventory?

thanks a lot.......

Prof Thank You Sir !!

I LOOVVVEEE YOOOUUU!!!!!!!!! THANK YOU THANK YOU THANK YOU!!!!!!!!

I love you with all my heart

Thanks a lot sir g

thank you sir =)

Thank you..but what is a unit?

thank u so much.!

Goodd....

Thank you sir. ;)

we accountant work are ass_ets off!! lol Awesome!

May God put u in heaven!!!!!!!!

you might want to just suggest that viewers pause the vid to write down what is on your whiteboard, rather than just stepping away for an entire minute! otherwise great!

boss

you didn't have to step aside. people could just pause and write XD

Thank you that is very very very helpful

May God put u in heaven!!!!!!!!