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Relative sales value - PowerPoint PPT Presentation

Agenda

Agenda. Quiz 3 (Chapter 7) due Wednesday 2/18 Midterm 2 next Monday 2/23 (ch. 18, 7-9) Project 2 due Wednesday 2/25 Inventory Dollar Value LIFO Lower of Cost or Market (LCM) Relative Sales Value Ending Inventory Estimation Techniques Gross Profit Method Retail Inventory Method .

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Chapter 7

Chapter 7. The Use of Cost Information in Making Management Decisions. The Criterion for Short-term Decisions. Economic criterion: Take the action that you expect will give the organization the highest income (or lowest loss). To be relevant:

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Relative sales value - PowerPoint PPT Presentation

Agenda

Chapter 7