ppt课件-reportingandanalyzinginventories.pptVIP

Dr. Fred Barbee ACCT 201 Reporting and Analyzing Inventories UAA – ACCT 201 Principles of Financial Accounting Dr. Fred Barbee What is Inventory? Usually, inventory includes tangible property that: Is held for sale, or Will be used in producing goods or services for sale. What is Inventory? Inventory is classified as a current asset; It is listed below accounts receivable on the balance sheet. Reporting and Analyzing Inventories Assigning Costs to Inventory Management Issues Costing Method FIFO, LI