inventories and cost of sales

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1、wiL10874_ch06_226-269.inddPage2268/2/103:19:59PMuser-f499/Users/user-f499/Desktop/TempWork/Don'tDeleteJob/MHBR174:Wild:204/ch066InventoriesandCostofSalesALookBackALookatThisChapterALookAheadChapter5focusedonmerchandisingThischapteremphasizesaccountingforChapter7emphasizesaccountingactivit

2、iesandhowtheyarereported.Weinventory.Wedescribemethodsforas-informationsystems.Wedescribesys-analyzedandrecordedpurchasesandsigningcoststoinventoryandweexplaintemprinciples,thesystemcomponents,salesandexplainedaccountingadjust-theitemsandcostsmakingupmerchan-useofspecialjournalsandsubsidi

3、arymentsandclosingformerchandisers.diseinventory.Wealsodiscussmethodsledgers,andtechnology-basedsystems.ofestimatingandmeasuringinventory.LearningObjectivesCAPCONCEPTUALANALYTICALPROCEDURALC1IdentifytheitemsmakingupA1AnalyzetheeffectsofinventoryP1Computeinventoryinaperpetualmerchandiseinv

4、entory.(p.228)methodsforbothfinancialandtaxsystemusingthemethodsofspecificreporting.(p.236)identification,FIFO,LIFO,andIdentifythecostsofmerchandiseC2weightedaverage.(p.230)inventory.(p.229)A2AnalyzetheeffectsofinventoryerrorsoncurrentandfuturefinancialP2Computethelowerofcostormarketstate

5、ments.(p.238)amountofinventory.(p.237)A3AssessinventorymanagementusingP3Appendix6A—Computeinventoryinabothinventoryturnoveranddays’periodicsystemusingthemethodsofsalesininventory.(p.241)specificidentification,FIFO,LIFO,andweightedaverage.(p.246)P4Appendix6B—Applyboththeretailinventoryandg

6、rossprofitmethodsLP6toestimateinventory.(p.251)wiL10874_ch06_226-269.inddPage2278/3/102:52:48PMuser-f500/Volumes/203/MHBR178/sLa1719X_disk1of1/007731719X/sLa1719X_pagefilesDecisionInsightTheGizmo!“Iwantedtore-createtheSEALteamenvironment”—RANDYHETRICKSANFRANCISCO—TheNavySEALscallit“thegiz

7、mo.”Thisperpetualinventorysystemtoaccountforinventorysalesandgizmo,createdbyformerNavySEALRandyHetrick,CEOofpurchasesinrealtime.RandyinsiststhatitisreallyimportantFitnessAnywhere,IncandtheinventorofSuspensiontoservecustomers’needs,whichdemandssoundinventoryTraining®