Cost of Goods Sold: LIFO, FIFO, Average information for developers

Cost of Goods Sold

In the continuation of my research/reading of how to develop an inventory system, that works with:

COGS = Cost of Goods Sold (COGS)
Cost Accounting
Inventory Costing Methods
LIFO FIFO, Standard Cost, Average
FIFO Method: In most businesses, the actual flow of materials follows FIFO, which makes this a logical choice.

 

The following are informative links:

* Video Tutorials
* Youtube
* Slides
* Books

Cost of Goods Sold 2

Video Tutorials:

Crash Course On Cost Accounting
Principles of Accounting
Overheads in Cost Accounting
Project Cost Management
Management and Cost Accounting – Professor Cooperberg
Hospital Cost Accounting
EXCEL- cost accounting
Cost Accounting Lectures
BBS 1st Year Old Course (TU) Cost Accounting Classes
Inventory Costing Methods
Shipping address and Shipping cost for E-commerce series
eBay dropshipping Make money no inventory complete guide
Oracle Applications R12 Inventory – Fundamentals & Advance
.
Lifo- vs. Fifo

COGS: cost of gods

http://www.archerpoint.com/blog/Posts/which-dynamics-nav-costing-method-should-manufacturers-choose
https://msdn.microsoft.com/en-us/library/hh997373(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997366(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997391(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997365(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997370(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997375(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997376(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997369(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997354(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997360(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997377(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/jj635425(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997359(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997400(v=nav.71).aspx
https://msdn.microsoft.com/en-us/library/hh997395(v=nav.71).aspx
http://www.yacoset.com/how-to-handle-currency-conversions
http://thehobt.blogspot.com/2009/02/inventory-costing-and-sql-server-part-1.html
http://thehobt.blogspot.com/2009/02/inventory-costing-and-sql-server-part-2.html
http://thehobt.blogspot.com/2009/02/inventory-costing-and-sql-server-part-3.html
http://thehobt.blogspot.com/2009/03/inventory-costing-and-sql-server-part-4.html
http://www.accountingtools.com/fifo-method
http://www.accountingtools.com/questions-and-answers/what-are-perpetual-lifo-and-periodic-lifo.html
https://books.google.com.sa/books?id=gptQ62nu9kMC&pg=PA591&lpg=PA591&dq=how+to+implement+lifo+fifo+in+database&source=bl&ots=FkqZdy4doQ&sig=zzbO7dbXIZ8sCV9g2wSC-TblDj0&hl=en&sa=X&ved=0CFkQ6AEwCWoVChMI2_zQoYnhxwIVSVgUCh1vQg4A#v=onepage&q=how%20to%20implement%20lifo%20fifo%20in%20database&f=false
http://www.techrepublic.com/article/implementing-a-fifo-and-a-lifo-stack-in-sql-server/
http://www.vbforums.com/showthread.php?523274-Designing-an-Inventory-Database-based-on-FIFO-LIFO-concepts
http://www.accountingformanagement.org/first-in-first-out-method-fifo-method-perpetual/
http://stackoverflow.com/questions/1867028/whats-the-best-relational-structure-for-implementing-a-fifo-product-inventory
http://forum.codecall.net/topic/38489-how-to-implement-lifo-and-fifo-method/
https://forums.teradata.com/forum/database/fifo-lifo-for-cost-of-goods-sold-0
http://www.accountingtools.com/questions-and-answers/what-are-perpetual-lifo-and-periodic-lifo.html
https://www.ibm.com/developerworks/community/blogs/a9ba1efe-b731-4317-9724-a181d6155e3a/entry/what_is_the_difference_in_using_lifo_fifo_versus_avg_average_cost_in_maximo_7_5_x?lang=en
http://rusanu.com/2010/03/26/using-tables-as-queues/
http://www.archerpoint.com/blog/Posts/determine-actual-fifo-or-lifo-value-inventory-using-standard-cost
http://www.inc.com/jeff-haden/how-to-choose-between-lifo-and-fifo-accounting.html
https://books.google.com.sa/books?id=gptQ62nu9kMC&pg=PA591&lpg=PA591&dq=how+to+implement+inventory+lifo+fifo+in+database&source=bl&ots=FkqZdy4gnQ&sig=-I2ezd8w6Xi2ltE9X1gFN9cwRzc&hl=en&sa=X&ved=0CDoQ6AEwBGoVChMIr6m_q4rhxwIVCTsUCh0bJA25#v=onepage&q=how%20to%20implement%20inventory%20lifo%20fifo%20in%20database&f=false
http://www.sqlservercentral.com/search/?q=fifo+lifo
https://www.google.com.sa/search?sourceid=chrome-psyapi2&ion=1&espv=2&ie=UTF-8&q=best%20practices%20lifo%20fifo&oq=best%20practices%20lifo%20fifo&aqs=chrome..69i57j69i64.21474j0j7
https://www.google.com.sa/search?q=how+do+we+model+multiple+product+units+in+database&safe=strict&espv=2&ei=JSHrVZTtIIHkUauxrtAF&start=10&sa=N&biw=1920&bih=935
http://stackoverflow.com/questions/16943583/modelling-products-with-multiple-variations
http://dba.stackexchange.com/questions/18539/best-way-to-store-units-in-database
http://dba.stackexchange.com/questions/86458/db-design-storing-products-sold-in-bulk-priced-by-vastly-different-units
https://www.google.com.sa/search?q=%D8%A7%D8%B3%D9%85+%D8%A7%D9%86%D9%85%D9%8A+%D8%A7%D9%84%D8%A3%D8%B3%D9%8A%D8%B1+%D8%A7%D9%84%D9%87%D8%A7%D8%B1%D8%A8%E2%80%AC+%D8%A7%D9%86%D8%AC%D9%84%D9%8A%D8%B2%D9%8A&safe=strict&espv=2&biw=1920&bih=935&ei=6VLrVazcNojeUfi2u7AN&start=30&sa=N
https://www.google.com.sa/search?q=inventory+store+database&safe=strict&espv=2&ei=u1nrVfi4DoaAUYKsj-AH&start=10&sa=N&biw=1920&bih=935
https://www.google.com.sa/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&cad=rja&uact=8&ved=0CC0QFjAFahUKEwibsMqy5uDHAhVHOhQKHdQ1CGw&url=https%3A%2F%2Fwww.ibm.com%2Fdeveloperworks%2Fcommunity%2Fwikis%2Fform%2Fanonymous%2Fapi%2Fwiki%2F0fc2f498-7b3e-4285-8881-2b6c0490ceb9%2Fpage%2F2d6faf27-ee09-455f-b88f-9ac9b4a9c212%2Fattachment%2F23ca37f4-53db-4e2e-b940-bafa2f3476a2%2Fmedia%2FDB2BP_Warehouse_Design_0912.pdf&usg=AFQjCNEDmwkf8sfvz6XzrWlR58AK1CK2IQ
https://www.google.com.sa/search?q=how+to+implement+inventory+lifo+fifo+in+database&espv=2&biw=1920&bih=935&ei=L3_rVe_VE4n2UJvItMgL&start=10&sa=N
.
Man inspecting boxes in distribution warehouse

Man inspecting boxes in distribution warehouse

YouTube:

.
inventory 4

Books:

_ms dynamics nav 2013 inventory costing wp ap.pdf
_WP MS-Dynamics Inventory Costing.pdf
Cost Accounting For Dummies – Boyd, Kenneth
Cost Accounting – Planning and Control _ 6th Edition _ MATZ – USRY
Cost Accounting Foundations and Evolutions by Michael R. Kinney & Cecily A. Raiborn 8th Edition
Cost Management Accounting and Control by Don R. Hansen & Maryanne M. Mowen  5th Edition
Cost Management Accounting and Control by Don R. Hansen, Maryanne M. Mowen & Liming Guan 6th Edition
Essential Cost Accounting Terminology
Inventory Costing Methods (notes)
Management and Cost Accounting by colin Drury Sixth Edition
Managerial Accounting For Dummies – Holtzman, Mark
Principles of Cost Accounting 15th ed (intro txt) – E. VanDerbeck (Cengage, 2010) BBS
Solution Manual of Cost Accounting A Managerial Emphasis by Horngren, Datar & Rajan 14th Edition
.
inventory 3

Slides

http://www.slideshare.net/sajid93/fifo-lifo-29570286?qid=01b2cbcd-209b-42e4-84a0-7be5e064ca1d&v=qf1&b=&from_search=1

http://www.slideshare.net/EMAINT/inv-methods?qid=01b2cbcd-209b-42e4-84a0-7be5e064ca1d&v=qf1&b=&from_search=24

inventory 2

inventory costing methods

http://www.slideshare.net/hunjoo14/inventory-management-justintime-and-simplified-costing-methods?qid=67cd99c0-b936-44ba-ba30-5cf129b651c3&v=qf1&b=&from_search=1

http://www.slideshare.net/Peoplevox_Ltd/9-steps-to-perfect-stock-control?qid=6be49962-14cc-4cc0-a08b-d3006a6cfb9e&v=qf1&b=&from_search=36

 

 

About Reader Man حسين ناجي الصفافير

حسين ناجي الصفافير Hussain Naji Al-Safafeer Info: https://readerman1.wordpress.com/aboutme
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