'Specific identification' presentation slideshows

2.12k views • 53 slides

Inventory Basics

Inventory Basics. When should items be counted into inventory? What costs attach to inventory? What is the difference between Periodic and perpetual Inventory?. What constitutes inventory?. Goods in Transit

753 views • 52 slides

Inventories and Cost of Goods Sold

Inventories and Cost of Goods Sold. CHAPTER 7. Learning Objectives. After studying this chapter, you should be able to Link inventory valuation to gross profit Use both perpetual and periodic inventory systems Calculate the cost of merchandise acquired

931 views • 42 slides

Reporting and Analyzing Inventory

Reporting and Analyzing Inventory. Financial Accounting, Fifth Edition. Reporting and Analyzing Inventory. Classifying Inventory. Determining Inventory Quantities. Inventory Costing. Analysis of Inventory. Finished goods Work in process Raw materials. Taking a physical inventory

751 views • 38 slides

Chapter 7

318 views • 23 slides

Automate Blue Button Initiative Push Workgroup Meeting

Automate Blue Button Initiative Push Workgroup Meeting. November 5, 2012. Meeting Etiquette. From S&I Framework to Participants: Hi everyone: remember to keep your phone on mute ?. All Panelists . Remember: If you are not speaking, please keep your phone on mute

347 views • 22 slides

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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Report of the Alachua County Historical Commission

305 views • 17 slides

P7-3

P7-3. Average Cost. Average Cost. FIFO. FIFO. FIFO. L IFO. L IFO. L IFO. Specific Identification. Specific Identification. Specific Identification. b. Higher Pretax Income FIFO (higher gross profit + assume profitable) Higher EPS

281 views • 15 slides

Session 7 Inventories-I

Session 7 Inventories-I. Inventories. Acquisition Carrying Method Cost Flow Assumptions Valuation. Types of Inventories. Merchandise--RM or FG Manufactured--RM, WIP & FG. Acquisition-When?. FOB Risk of loss Consignment. Acquisition-What?. Cost of: manufacturing acquisition

204 views • 8 slides