Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2021-01-20
Revision date: 3-Mar-2021
Length: 4 pages
Data source: Generalised experience
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Abstract
Up-In-Smoke is an inventory valuation exercise using the periodic method. Completed in two steps, students are first required to value the total goods available for sale by considering items such as duty, taxes, returns, discount terms, FOB, and purchase prices. Once completed, various methods to value the inventory ending balance can be applied and compared, namely FIFO, LIFO and the weighted-average-cost method.
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2017-03-01
Revision date: 2-May-2017
Length: 3 pages
Data source: Generalised experience
Japanese language
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2021-01-20
Length: 5 pages
Data source: Generalised experience
About
Abstract
Up-In-Smoke is an inventory valuation exercise using the periodic method. Completed in two steps, students are first required to value the total goods available for sale by considering items such as duty, taxes, returns, discount terms, FOB, and purchase prices. Once completed, various methods to value the inventory ending balance can be applied and compared, namely FIFO, LIFO and the weighted-average-cost method.
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Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2017-03-01
Revision date: 2-May-2017
Length: 3 pages
Data source: Generalised experience
Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2021-01-20
Length: 5 pages
Data source: Generalised experience