For more course tutorials visit www . uophelp . com
ACC 290 Week 4 Discussion Question 2 For more course tutorials visit www . uophelp . com
For more course tutorials visit www . uophelp . com
How would you calculate cost of goods sold ? What items make up cost of goods sold ? How does beginning and ending inventory affect cost of goods sold ? What are the journal entries a merchandising organization would use to record the purchase and subsequent sale of merchandise ? How would these transactions differ with a periodic versus a perpetual inventory system ? Why are perpetual inventory systems so much more popular today than back in the early 1960s and earlier ? Why would a company employing a perpetual inventory system still take a physical inventory periodically ?
=================================================
ACC 290 Week 4 Discussion Question 2 For more course tutorials visit www . uophelp . com
What are the three different inventory cost flow assumptions commonly used in commerce today and allowed by generally accepted accounting principles ? How does a company determine what cost flow assumption they should use ? How does first in , first out cost