Summary
Summary Inventory
Rating
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Pages
12
Uploaded on
12-05-2022
Written in
2021/2022
A summary of key things to remember when dealing with Inventory in accounting. It looks at how the consignee and consignor would record with regards to the sale of inventory, what expenses are capitalized to Inventory, mark-ups, inventory recording systems and cost formulas. Examples are provided with memos because the best way to understand is by doing and seeing examples.
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Written for
- Institution
- University of Cape Town (UCT)
- Course
- Financial Accounting (ACC1006F)
All documents for this subject (15)
Document information
- Uploaded on
- May 12, 2022
- Number of pages
- 12
- Written in
- 2021/2022
- Type
- Summary
Subjects
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inventory
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cost formulas
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fifo
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wac
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first in first out
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weighted average cost
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perpetual
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periodic
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financial accounting
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trading stock
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inventory recording systems
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