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3 Tutorials that teach Inventory Accounting Methods
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Inventory Accounting Methods

Inventory Accounting Methods

Author: Virginia Coco

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

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Notes on "Inventory Accounting Methods"


Terms to Know

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.

Source: All images created by Virginia Coco