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CHAPTER 7 Cost of Goods Sold & Inventory

CHAPTER 7 Cost of Goods Sold & Inventory. Key Terms. Inventory (beginning, ending) Cost of goods sold (COGS) Inventory cost flow assumptions Lower of cost or market (LCM). Inventory. Tangible property that is held for resale or will be used in producing goods or services

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50 units 18 - PowerPoint PPT Presentation

CHAPTER 7 Cost of Goods Sold &amp; Inventory

CHAPTER 7 Cost of Goods Sold & Inventory