Inventories: Additional issues

Inventories: Additional issues

1. Subsequent

   • Lower of cost
   • net realizable value
   • Applaying
     • Abjusting cost

2. Market

3. Inventory

4. The gross profit method

   • word of caution

5. the retail inventory method

   • Advantages
     • Avg cost
   • retail terminology
   • Cash flow methods
   • lifo method

6. change inventory method

   • most changes
     • Lifo Change

7. inventory errors

   • when its discovered

8. earnigs quality