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After taking the Diagnostic quiz for Unit 6, I received a total of 70%. the two areas that I made a 100% in is the
After taking the Diagnostic quiz for Unit 6, I received a total of 70%. the two areas that I made a 100% in is the cost flow methods-Applications and unit 6.3 and Dollar value LIFO. I received a 75% in both Inventory fundamentals- Unit 6.1 and special topics in inventory accounting unit 6.7. The lowest three were in Consignment Accounting 6,2, cost flow methods-comparison unit 6.4, and measurement of inventory subsequent to initial recognition which were all 50%. I will focus on the lowest ones first, starting with consignment Accounting because there are lot involved with this section,. There is a lot of information for this and understanding the difference between what the consignor and consignee especially when cones to the journal entries and I don't want to make sure I do not confuse the two. I am glad this is the only unit for this week because there is a lot to learn with this Unit before attempting the adaptive quiz and simulation. I will look for good videos to help me with the consignor and consignee and run through the flashcards which will help me understand more
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