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Lecture Financial Accounting (15/e) - Chapter 8: Inventories and the cost of goods sold

Lecture Financial Accounting (15/e) - Chapter 8: Inventories and the cost of goods sold. In this chapter, students will be able to understand: In a perpetual inventory system, determine the cost of goods sold using (a) specific identification, (b) average cost, (c) FIFO, and (d) LIFO. Discuss the advantages and shortcomings of each method; explain the need for taking a physical inventory; record shrinkage losses and other year-end adjustments to inventory;...

Từ khóa: Financial accounting, Lecture Financial accounting, The cost of goods sold, Inventory costs, First-out method, Average-cost method

24 p tailieu_bvu 26/07/2023 46 0

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