How is Cost of Goods Sold Calculated in QuickBooks Desktop using Perpetual Inventory

In this video I demonstrate how QuickBooks calculates inventory valuation using the average cost method. Note that this is using a perpetual inventory system, meaning that you are tracking the quantity of each item on hand in QuickBooks. I show the calculation step by step in a Microsoft Excel file as well as in QuickBooks. If you have any questions, please feel free to leave them in the comments below. You can also email me at [email protected] . If you found this video helpful, please let me know by clicking the thumbs up button and commenting. Also be sure to subscribe to my channel to receive updates on more related content in the future. For more information on the services we offer and our blog please visit www.FirstClassTaxSolutions.com If you want to book a consulting session, visit www.QuickQuickBooks.com Please like our FaceBook Page www.facebook.com/pages/First-Class-Tax-Solutions-L…

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