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Nding inventory - PowerPoint PPT Presentation

Inventory

Inventory. Chapter 5. Merch. Merchandise Inventory Only account on both balance sheet and income statement Usually the largest current asset account Income Statement Beginning and end used to get cost of merch sold Balance Sheet Counted as an asset. Inventory Systems.

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Reporting and Analyzing Inventories

Reporting and Analyzing Inventories. 6. Reporting and analyzing Inventories. Chapter. Inventory Valuation Method. Inventory Valuation Method. 2. First in First Out ( FIFO ). Inventory Valuation method. F irst I n F irst O ut ( FIFO ) method assumes that

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305 views • 12 slides

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Nding inventory - PowerPoint PPT Presentation

Inventory

Reporting and Analyzing Inventories