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Chapter 7: Inventory

Chapter 7: Inventory. Acquisition of inventory: What costs to capitalize? Recording inventory activity: Which method? Selling inventory: Which cost flow assumption? Ending inventory: Lower-of-cost-or market valuation. Chapter 7: Inventory. What items or units to include?

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Chapter 5: Inventory

Chapter 5: Inventory. Dallas Company had the following inventory transactions at the end of 2008. Indicate whether Dallas should show the inventory in its financials as of 12/31/08 . 1. On 12/28, purchased inventory, FOB Destination. Shipped 12/28, did not arrive until Jan. 2.

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Net income comparison - PowerPoint PPT Presentation

Chapter 7: Inventory

Chapter 5: Inventory