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hello everyone youre watching saheb Academy if you like our videos then please subscribe to our Channel and also hit the bell again for the regular updates and also follow us on Instagram so have Academy now lets go to the video hi everyone in this video we are going to start this new topic of material costing that is FIFO method of inventory valuation so now what is this FIFO first in first out method of inventory valuation that is what is FIFO method yes so now what happens in FIFO method in FIFO method worked error comes in first into our warehouse yeah into our store it has to go out first from our warehouse now where it will go if its a factory it will go to the production process or if its a normal retail business then you will go to showroom to be sold yes but here we are discussing about the factory see is very simple when you purchase raw modulus from your supplier then he will deliver it yeah they will deliver to your warehouse and then as and when the production departm