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This video demonstrates how to calculate the cost of sales, gross profits, and ending inventory value under different inventory methods such as specific identification, weighted average cost, FIFO, and LIFO.

<iframe width="600" height="437" src="http://www.youtube.com/embed/7o-RVKOY008" frameborder="0" allowfullscreen></iframe>



Gross Profits and Ending Inventory Under Different Inventory Methods

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Gross Profits and Ending Inventory Under Different Inventory Methods

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