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Inventory

Inventory

8. C H A P T E R . Inventory. Learning Objective 1. Identify what items and costs should be included in inventory and cost of goods sold. Define Inventory and COGS. What are some of their characteristics?. Describe the Time Line of Business. What is Inventory?.

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889 views • 59 slides
Inventories

Inventories

These slides should be viewed using the presentation mode (left click your mouse on the icon). Inventories. Chapter 6. Student Version. Learning Objective 1. Describe the importance of control over inventory. Control of Inventory. Two primary objectives of control over inventory are:

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661 views • 48 slides
Inventories and Cost of Goods Sold

Inventories and Cost of Goods Sold

Inventories and Cost of Goods Sold. CHAPTER 7. Learning Objectives. After studying this chapter, you should be able to Link inventory valuation to gross profit Use both perpetual and periodic inventory systems Calculate the cost of merchandise acquired

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936 views • 42 slides
FA2: Module 7 Inventories and Cost of Goods Sold

FA2: Module 7 Inventories and Cost of Goods Sold

FA2: Module 7 Inventories and Cost of Goods Sold. Definition of inventory Cost of inventory Inventory systems Effect of inventory errors Costing inventory Inventory valuation The gross profit method Retail inventory method Valuation of inventory at NRV. 1. Definition of inventory.

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456 views • 27 slides
Unit 2 Chapter 6: INVENTORY COSTING

Unit 2 Chapter 6: INVENTORY COSTING

Unit 2 Chapter 6: INVENTORY COSTING Unit 2 Test (covering chapter 5 and 6) will occur on Oct 24 (Friday) I will hand out the group quiz on Tuesday. INVENTORY ERRORS - INCOME STATEMENT EFFECTS. Sometimes errors occur in taking or calculating inventory.

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359 views • 16 slides

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