signment -14 Question 6 of 7 >> > >

sienment Question 6 of7 Requires a physical count of on hand to compute cost Ot goods sold the actual physical flow for each inventory item available for sale. that partial* completed a manufacturing Cost of goods sold consists Of the most recent inventory purchases. ready for to customers by retailers inventory valuation consists of the most recent inventory purchases. same unit cost is used to value inventory and cost of goods sold. Notes and receivable that result from sales transactions. Analysis of customer account balances by length ot time they have been unpaid Bad debt losses are not estimated and no allowance account is used. The net amount expected to received in cash. An account that is offset against revenue on the incorne statement. Net sales less cost ot goods sold. Sales and discounts, profit divided by net salev Ave rage cost method oss profit Work in Cash (net) vah Periodic inventory system Citi c First-in first-out rnthod the Merchantfse inventory Last in last-out method Trade Direct write-off Contra revenue Gross profit rate