Financial Accounting - Lesson 7.14 - Lower of Cost or Market Net Realizable Value 

i could never understand this topic before. thank you so much. you make it sound so simple.

This is the best explanation and straightforward video I have seen. Clear and fast!

Best explanation of all the ones I have seen. Thanks man. Much appreciated.

Thank you!! the Best Explanation!!

thank you for explanation. keep it up ❤

Thanks so much, this is exactly what I was looking for and other videos I saw didn’t explain it as well!!

Thank you so muchh!!! It took me forever to found a video that help me understand it and for only 13 mins 💕

Thank you so much, you explained it better than my book did! I also like how at the end of the video you included takeaways from this lesson. Great video man, keep it up :)

Thanks for your explanation. It really helps me

patrick you are great teacher btw

Excelente!!

A Good primer for an older accountant who hasn't dealt with this in years!

Thank you! This is so easy to understand

thank you your video has been very helpful for me in my first college accounting class. Keep goin man

Thank you so much. It was really useful:)👍👍👍

thanks

Thank you so much!

Thanks so much!! Help me a lot for the upcoming exam🥺

Product D Quantity on hand 10. Unit cost when acquired (FIFO) 30 Value at year-end 35 Question which one is lower? Unit cost when acquired (FIFO) 30 ...

Hello Mr. Lee, I would like to ask if we can use allowance for inventory write down instead of cost of goods sold in the journal entry?

I guess the product D you meant to say the lower cost 30, not 35.

mistake on 7:50 the lower cost between 30 and 35 on product D is 30

35?

7:49 I think it's 30? Please enlighten me. Thanks

*Too bad no one does a REVERSAL OF LCNRV example ffs*

I think he made a mistake when he chose $35. It should be $30. It was very helpful though. Thank you

PRODUCT D IS MISTAKE