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INVENTORIES AND THE COST OF GOODS SOLD

Chapter 8. INVENTORIES AND THE COST OF GOODS SOLD. Goods owned and held for sale to customers. Current asset. Inventory Defined. Inventory. BALANCE SHEET. Current assets:. Inventory. $. $. INCOME STATEMENT. Revenue. $. Cost of goods sold. Gross profit. Expenses.

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Fifo lifo periodic - PowerPoint PPT Presentation

INVENTORIES AND THE COST OF GOODS SOLD