Question
PROVIDE EXAMPLES FOR PROBLEMS IF NECESSARY 1) What is the Inventory Formula and Sales Formula Summaries? 2) Given a series of information, calculate ending inventory.
PROVIDE EXAMPLES FOR PROBLEMS IF NECESSARY
1) What is the Inventory Formula and Sales Formula Summaries?
2) Given a series of information, calculate ending inventory.
a. What are both the periodic and perpetual method formulas, see #1 above.
b. If using the perpetual method, determine what amount of shrinkage that has occurred, if any.
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Information For Decision Making Readings In Cost And Managerial Accounting
Authors: Alfred Rappaport
3rd Edition
0134643542, 978-0134643540
