Inventory Valuation & Costing Method | FIFO | How Cost of Goods Sold (COGS) Is Booked in Odoo 19

In this video, we focus on core concepts of inventory valuation and costing methods, with a special emphasis on the FIFO (First-In, First-Out) method. This video is designed especially for beginners 🎯 What you’ll check in this video: ✔ What is Inventory Valuation? Understand why inventory is not just quantity, but also value in accounting. ✔ Why Do We Need Costing Methods? Learn why costing methods become important when purchase prices change over time. ✔ FIFO Basics (First In, First Out) Understand FIFO using simple, real-life logic—no accounting jargon. ✔ How COGS Is Booked in FIFO See a step-by-step explanation of how Cost of Goods Sold (COGS) is calculated and booked using FIFO. ✔ Excel-Based Example We use one simple Excel file to visually explain FIFO calculations, stock value, and COGS—making the concept crystal clear 📌 No software knowledge required — only concepts explained simply and practically.