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8:05
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Edspira
FIFO Inventory Method
This video explains how to compute cost of goods sold and ending inventory using the FIFO (first in, first out) inventory cost assumption. An example is provided to illustrate how FIFO is used to calculate COGS and inventory. — Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a ...
1M views
Aug 31, 2014
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FIFO Boilermakers earn big because the work is big. 12-hour shifts, heavy steel, shutdown deadlines, hot work permits, confined-space entries, welding QA checks, gouging, fabricating, and repairing plant that keeps a billion-dollar mine running. When you stack penalties nights, weekends, RDOs, shutdown rates, site allowances, hazard pay, travel, plus OT. That’s how a Boily hits $6,300 to $8,500 a week. It’s not ‘easy money’… it’s skill, precision, and pressure in every weld. 📸 gregoryfabricatio
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