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Calculate Ending Inventory and COGS (Perpetual) for FIFO LIFO and Weighted Average

Operator ZoneInventory & Waste/Jeff Fisher, CPA/16:53

Your accountant keeps asking for ending inventory numbers and you keep giving them a shrug and whatever's left in the walk-in after Saturday service. Fisher breaks down perpetual inventory tracking across FIFO, LIFO, and weighted average methods — the difference between guessing at your food costs and actually knowing where every dollar of product went. Anyone who's ever watched their theoretical 28% food cost become a very real 34% knows exactly why this matters.

— The Chef's Take

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