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Chapter 8: Inventory Overview
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Chapter 8: Inventory Overview
BI + Purchases = GAFS - (EI) = COGS
- 1. What to include in inventory: physical goods and types of costs
- 2. How to account for the physical flow of inventory: Perpetual v. Periodic
- 3. How to assign costs to ending inventory vs. COGS using a cost flow assumption: LIFO, FIFO, average cost, specific ID
- 1. What to include in inventory: physical goods and types of costs
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- Mind Map on Chapter 8: Inventory Overview, created by Luis Garcia on 22/04/2017.
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- Luis Garcia
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