Average Cost Method (AVCO) | Inventory Cost Flow | How to Pass Accounting Class

Average Cost Method (AVCO) | Inventory Cost Flow is an accounting tutorial explaining the inventory cost flow method AVCO (weighted Average Cost) and the journal entries needed to track inventory using AVCO. It provides step-by-step homework help for accounting students. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of two playlist series: How to Pass Accounting Class and Merchandise Businesses and Inventory Cost Methods. ⏰ Accounting How To Time Stamps: 00:00 Introduction to AVCO (weighted Average Cost) Inventory Cost Flow Method 00:03 Disappointing Accounting Humor 01:07 LIFO Inventory Spreadsheet - Step-by-step Accounting Homework Help! 11:14 Inventory IRL (In Real Life) 🏋 Download the spreadsheet here: https://docs.google.com/spreadsheets/d/13Zu6nCLZYZQS1YvzFLSy4TLBzWzk1ezz2_16mvXg_1A/edit?usp=sharing T-Accounts Explained: https://youtu.be/gHlZXrWAqYQ 🎥 Playlists: 🎥 How to Pass Accounting Class Playlist: