Accounting II

Accounting - Chapter 20

Chapter Objectives

  • Prepare a stock record.
  • Calculate the cost of merchandise inventory using the first-in, first-out (FIFO) inventory costing method.
  • Calculate the cost of merchandise inventory using the last-in, first-out (LIFO) inventory costing method.
  • Calculate the cost of merchandise inventory using the weighted average inventory costing method.
  • Estimate the cost of merchandise inventory using the gross profit method of estimating inventory.

Accounting for Inventory

Chapter 20 PowerPoint

20-1 | 20-2

Chapter 20 Quizlet

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Application Problem 20-2

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Application Problem 20-3

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Forensic Accounting

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