《principles of accouning》chap6.pptx

Show how to account for inventory;LO 1;LO 1;Exhibit 6-2 | Inventory and Cost of Goods Sold When Inventory Cost Is Constant;The cost of inventory sold shifts from asset to expense when the seller delivers goods to the buyer;LO 1;LO 1;LO 1;LO 1;LO 1;LO 1;LO 1;Recording Transactions (Perpetual System);LO 1;LO 1;LO 1;LO 1;Apply and compare various inventory cost methods;APPLY AND COMPARE VARIOUS INVENTORY COST METHODS;What Goes into Inventory Cost?;Apply Various Inventory Costing Methods;Average;Last-in, first-out;LO 2;LO 2;LO 2;LO 2;LO 2;Average;LO 2;Average;LO 2;Illustration;Illustration;LO 2;LO