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please help Last-in Last-out Control Account Special Journal First-in First-out Perpetual Inventory System Weighted Average Specific Identification Periodic Inventory System Subsidiary Ledger Cost of Goods
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Last-in Last-out Control Account Special Journal First-in First-out Perpetual Inventory System Weighted Average Specific Identification Periodic Inventory System Subsidiary Ledger Cost of Goods Sold Match each of the options above to the items below. Updates inventory records at the end of each period to reflect purchases and sales. Updates accounting records for each purchase and sale of inventory Expense of buying and preparing merchandise. Assumes that inventory items are sold in the order acquired. Assumes that the most recent purchases are sold first Cost of goods available for sale (at each sale) divided by the number of units available for sale. Each item in inventory can be matched with a specific purchase and invoice. Any general ledger account that summarizes subsidiary account data A journal used to record and post transactions of a similar type. A list of individual accounts with a common characteristic that has detailed information on specific accounts in the general ledger.
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