Coupon Details
Inventory & Merchandising Transactions-Presentations Only, Merchandising bookkeeping transaction including purchase and sale of inventory, discounts, and returns. FIFO, LIFO
Created by Robert (Bob) Steele
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What Will I Learn?
- Inventory Costing
- First In First Out (FIFO) cost flow method
- Last In First Out (LIFO) cost flow method
- Weighted average cost flow method
- Periodic Perpetual inventory method
- Perpetual inventory method
- Merchandising transactions
- Record purchase of merchandise
- Record the sale of merchandise
- Perpetual and periodic inventory systems
- Sales discount and purchase discount
- Inventory shrinkage and sales returns
- Financial statements for a merchandising company
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