3 Tutorials that teach Inventory Accounting Methods
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Inventory Accounting Methods

Inventory Accounting Methods

Author: Kevin Bullock

In this lesson, the student will learn about different methods to account for inventory.

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Inventory Accounting Methods

Key Terms

Perpetual inventory

Computerized inventory system that keeps continuous detailed records of purchase and sale of inventory, and cost of goods sold.

Periodic inventory

A physical inventory count and calculation of cost of goods sold, done at the end of the period.