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Chapter 6 Inventories 1. How ownership of inventory is determined 2. How to calculate the cost of goods sold and ending inventory using the specific

Chapter 6 Inventories 1. How ownership of inventory is determined 2. How to calculate the cost of goods sold and ending inventory using the specific Identification, FIFO, LIFO and weighted average costing 3. What is lower-of-cost-or- market 4. The effects of inventory errors on both the income statement and balance sheet 5. The inventory turnover ratio

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