Cost Management

Inventory Cost Flow Assumption

USD 15.00
instructor
Instructor
Alan Fata
Category
Technical
Difficulty
Easy
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The course consists of the following topics:

  • The Necessity of Adopting a Cost Flow Assumption.
  • The Selection of a Cost Flow Assumption for Reporting Purposes.
  • Problems with Applying LIFO.
  • Merging Periodic and Perpetual Inventory Systems with a Cost Flow Assumption.
  • Applying LIFO and Averaging to Determine Reported Inventory Balances.
  • Analyzing Reported Inventory Figures.
Course Features
Credits:
3 PDU
Skill Section:
Technical
Access:
Lifetime
Test Questions:
23