This course covers key concepts around inventory costs and cost flows, including what is included in the cost of inventory and how to account for freight costs, insurance costs, and discounts. You’ll learn about inventory flow assumptions such as specific identification, first in first out (FIFO), last in first out (LIFO), and weighted average methods, with clear explanations using both periodic and perpetual inventory systems.

In addition to instructional videos, you’ll have access to downloadable PDF reference files, preformatted Excel practice files, and short calculation practice questions. These resources are designed to help you work offline, build Excel skills, and master inventory accounting concepts through clear, focused practice.