Inventories & the COGS

Learning Concept(s)

Consistency (in Inventory Valuation), Cost Flow Assumption, Cost Layer, Cost Ratio, First-in, First-out (FIFO) Method, F.O.B. Destination, F.O.B. Shipping Point, Gross Profit Method, Inventory Turnover, Just-In-Time (JIT) Inventory Policy, Last-in, First-out (LIFO) Method, Lower-Of-Cost-And-Net-Realizable-Value (LCNRV) Rule, Moving Average Method, Physical Inventory, Retail Method, Shrinkage Losses, Specific Cost Identification, Weighted Average Cost Method, Write-down (Of An Asset)

Covered in Course(s)

ACCT210 - Financial Accounting