Methods of Issue of Materials | FIFO, LIFO, Weighted Average, Standard Price | JUNIOR AUDITOR

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Topic Covered in This Lecture:
In this video, you’ll learn the Methods of Issue of Materials under Cost Accounting, one of the most important topics for Junior Auditor and Audit Inspector Exams.

We’ll explain:
✅ FIFO Method (First In First Out)
✅ LIFO Method (Last In First Out)
✅ Weighted Average Method
✅ Standard Price Method
✅ Practical examples for each method

💡 Why This Video Is a Must-Watch:

Based on latest exam patterns (PSSSB, SSC, HPPSC, CGA, etc.)

Notes explained in simple, easy-to-understand language

Real-life examples like Amul, Coal Depots, Oil Companies

Ideal for B.Com, M.Com, CMA, and Govt exam aspirants

📚 Related Videos:

Issue of Materials – Concept & Objectives

Material Control in Cost Accounting

Material Requisition Note

Bin Card vs Stores Ledger

Cost accounting revision notes
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