Discussion 4 Accounting 101 May 9, 2016

Discussion 4 Accounting 101 May 9, 2016

Asked by 2 years ago
0 points

Accounting 101

May 9, 2016

Discussion 4 There are three different methods in merchandise inventory. The first methods is called Specific Identification which is an accounting method that identifies the cost of each individual piece of inventory and retain that information until that piece of inventory is sold (Board, 2012). In this method of Specific Identification there are three steps in which is to be follow to keep track of the inventory which is sold. The first step is determining the size of the inventory. The second step is to keep track of each item by using a barcode for you the item can be identify when it is sold. The last step in this method is to deduct the cost of each item sold from the ending inventory to update the...

Discussion 4

1 Answer

Answered by 2 years ago
0 points

Oh Snap! This Answer is Locked

Discussion 4 Accounting 101 May 9, 2016

Thumbnail of first page

Excerpt from file: Runninghead:DISCUSSION4 1 Discussion4 MistyClark Accounting101 May9,2016 StevenHoran DISCUSSION4 2 Discussion4 Therearethreedifferentmethodsinmerchandiseinventory.Thefirstmethodsiscalled SpecificIdentificationwhichisanaccountingmethodthatidentifiesthecostofeachindividual

Filename: db-4-75.docx

Filesize: < 2 MB

Downloads: 0

Print Length: 3 Pages/Slides

Words: NA

Your Answer

Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0$ or $$\beta^2-1=0$$

Use LaTeX to type formulas and markdown to format text. See example.

Sign up or Log in

  • Answer the question above my logging into the following networks
Sign in
Sign in
Sign in

Post as a guest

  • Your email will not be shared or posted anywhere on our site

Views: 2
Asked: 2 years ago