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Chapter 6: Reporting & Analyzing Operating Assets Part 2: Inventory

Chapter 6: Reporting & Analyzing Operating Assets Part 2: Inventory. Capitalization of Inventory Primary accounts: Inventory and Cost of Goods Sold (COGS). Capitalize: add to an asset (inventory) account at the time of acquisition.

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Chapter 6,Part 2: Inventory

Capitalization of Inventor Primary accounts: Inventory and Cost of Goods Sold (COGS). Capitalize: add to an asset (inventory) account at the time of acquisition. What costs to capitalize? Cost to acquire, including transportation costs to facility (transportation-in or freight-in).

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297 views • 13 slides

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Sales net cogs gp - PowerPoint PPT Presentation

Chapter 6: Reporting &amp; Analyzing Operating Assets Part 2: Inventory

Chapter 6,Part 2: Inventory

Chapter 6: Reporting & Analyzing Operating Assets Part 2: Inventory