Inventory Valuation LIFO, FIFO, Average Cost And Specific Identification Methods
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12 سال پیش
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Inventory costing and valuation methods
Inventory costing and valuation methods include LIFO (Last In First Out), FIFO (First In First Out), Average Cost and Specific Indentifcation, using these methods determines how the inventory is valued on the balance sheet and expensed (COGS, Cost Of Goods Sold) on the income statement, depends on whether we are using older or newer inventory based on the method being used, detailed accounting example of how each is calculated and recorded on the balance sheet and income statement by Allen Mursau
12 سال پیش
در تاریخ 1391/06/03 منتشر شده
است.
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