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Goods sold goods available - PowerPoint PPT Presentation

Ch.5 Accounting for Inventories and Cost of Goods Sold Prof. J. Wang

Ch.5 Accounting for Inventories and Cost of Goods Sold Prof. J. Wang. Part I Introduction. 1. merchandise inventory 2. I/S of a merchandise company 3. how companies keep track of their inventory: perpetual v. periodic systems 4. purchase of inventory on account 5. shipping cost.

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Goods sold goods available - PowerPoint PPT Presentation

Ch.5 Accounting for Inventories and Cost of Goods Sold Prof. J. Wang