Inventory & Merchandising Transactions-Excel Practice Proble
Merchandising transaction - bookkeeping including purchase and sale of inventory, discounts, and returns. FIFO, LIFO,
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6.5 hours
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Jul 2018
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What you will learn
Inventory Costing
First In First Out (FIFO) cost flow method
Last In First Out (LIFO) cost flow method
Weighted average cost flow method
Periodic inventory method
Perpetual inventory method
Merchandising transactions
Record purchase of merchandise
Record the sale of merchandise
Perpetual and periodic inventory systems
Sales discount and purchase discount
Inventory shrinkage and sales returns
Financial statements for a merchandising company
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23/07/2018
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21/11/2019
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