answer the questions

Which of the FOB's would you use if you the buyer takes ownership while the goods are in transit? What are goods on consignment? What are all the cost that can go into your inventory? The better question is, what is NOT included in your inventory amount? Out of the 4 inventory valuation methods for chapter 6, which yields the highest inventory value in a world of rising prices? I will say, make sure you understand the chapter 6 quiz and why we use LIFO, Vs FIFO, vs, Weighted Average, vs Specific Identification. What is the formula for Inventory Turnover Ratio? Calculate it. Can you calculate Day's sales in Inventory? You have one problem that will ask you to calculate ending inventory based on Specific Identification. Pretty easy, just takes a few minutes to do. Chapter 7, Accounting Information Systems collect and report what? What is a special journal? Why do we use a sales journal? What is a Purchasing Journal used for? Then what do we use a General Journal for? Do you see that I am focusing on concepts, not just math? 5 fundamental principles of accounting are hou? How are they used