Inventory Valuation - Help needed!

Hi everyone,

So this aspect of the costing unit is really confusing me. Has anybody got any tips for it that would help me to get my head around it? It completely confuses me and because I'm confused it's phasing me a lot when I sit down to try and get my head around it.

I get what FIFO, LIFO and AVCO mean, but I really do not understand how to apply these when it comes to using them in practice for stock.

Thanks in advance!

AAT Level 3 :)


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