Inventory

Inventory Tutorial. This video aims to help everyone, especially students taking accounting courses, to understand the general concept and measurement of Inventories.
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Contents:
0:00 - Start
0:53 - Definition of Inventory
4:16 - Classes of Inventories
14:36 - Work in Process
25:00 - Ownership of Inventory: Shipping and Other Terms
45:40 - Ownership Summary
49:13 - Measurement
50:08 - Measurement: Cost
59:52 - Illustration: Cost of Merchandise Inventory
1:02:20 - Illustration: Cost of Manufactured Inventory
1:07:34 - Measurement: Net Realizable Value
1:10:36 - Inventory Writedown
1:13:43 - Illustration: Inventory Writedown
1:25:58 - Consignment
1:27:15 - Illustration: Consignment
1:31:50 - Purchase Commitment
1:33:33 - Illustration: Purchase Commitment
1:40:00 - Presentation of Inventory

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