PPT-Chapter 5 Four Methods of Inventory Costing

                        Units Acquired at Cost   Units Sold at Retail   1Jan Beg inventory 140 units 700 980           10Jan. Intermediate Accounting. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 8. Understand . the items to include as inventory . cost.. Describe . and compare the methods used to price inventories.. Specific cost unit. Average cost method. First In First Out. Last in First Out. Under which of the following inventory costing methods is ending inventory based on the cost of the oldest purchases? . The valuation of inventory. Learning objectives. After you have studied this chapter, you should be able to:. Calculate the value of inventory using three different . methods. Explain why using the most appropriate method to value inventory is . Reporting and interpreting cost of goods sold and inventory. McGraw-Hill/Irwin. Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.. Understanding the Business. Provide sufficient quantities of high-quality inventory.. Prof. Costas Panou. Lecture . #5 . in . M.Sc. . New Technologies in Shipping and Transportation. Outline. Understand the importance of costing SC activities. Understand the SC costs. Know the methods of logistics costing. IFRS 2nd . Edition. Kieso, Weygandt, and Warfield. . 8. Understand . the items to include as inventory . cost.. Describe . and compare the methods used to price inventories.. After studying this chapter, you should be able to:. Chapter 7. McGraw-Hill/Irwin. © 2009 The McGraw-Hill Companies, Inc.. Inventory Costing Methods. Total Dollar Amount of Goods Available for Sale. Ending Inventory. Cost of Goods Sold. Inventory Costing Method. Learning Objectives. Explain how variable costing differs from absorption costing. Compute the unit product cost under each method. Prepare income statements using variable and absorption costing, and reconcile the two income figures. Learning Objectives. Explain how variable costing differs from absorption costing. Compute the unit product cost under each method. Prepare income statements using variable and absorption costing, and reconcile the two income figures. PowerPoint #3. Understand Inventory Control Methods. Help businesses account for . Ending Inventory. and help determine . Cost of Goods Sold. If Inventory consists of . large, identifiable items. , it is easy to compute the above.. Benjamin Herzel, MS. Institute for Health Policy Studies. University of California, San Francisco. (on behalf of the GHCC). Session: Introducing a Reference Case . for Costing Global Health . I. nterventions. Los Angeles Unified School . District. Federal & State Education Programs. February 2017. Objectives. To develop a deeper understanding of:. Legal Mandates/LAUSD Policy. Purpose for Establishing an Inventory Control System. Session: Introducing a Reference Case for Costing Global Health Interventions. . Lucy . Cunnama. Health Economics Unit, . University of Cape Town, RSA . (on behalf of the GHCC team). iHEA. Boston 2017 Congress,. Goods that will be used or consumed in the production of goods or services to be sold.. 6-. 2. Supplies. Tangible items that will be consumed in the course of normal operations.. E.g., office and janitorial supplies, lubricants, repair parts..