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Beginning inventory units - PowerPoint PPT Presentation

LESSON 19-1

LESSON 19-1. Determining the Quantity of Merchandise Inventory. INVENTORY RECORD. page 566. 1. 3. 2. 1. Write the stock number and description before the periodic inventory begins. 2. Write the actual count in the No. of Units on Hand column.

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Chapter 19

Chapter 19. Accounting for Inventory. 14. Determining quantity of inventory, cost of inventory, and estimating inventory. Most efficient quantity of inventory Larger than needed consequences Smaller than needed consequences Periodic inventory (physical) When do companies take inventory?

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LESSON 19-2

LESSON 19-2. Determining the Cost of Merchandise Inventory. FIRST-IN, FIRST-OUT INVENTORY COSTING METHOD. page 569. 3. 4. 2. 5. 1. 1. Total units on hand. 2. Units from the most recent purchase. 3. Units needed to equal the total units on hand. 4. Unit price times fifo units.

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LESSON 19-2

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Beginning inventory units - PowerPoint PPT Presentation

LESSON 19-1

Chapter 19

LESSON 19-2

LESSON 19-2