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Compact case
Case
-
Reference no. 9A99BJ006
Japanese language
Published by: Ivey Publishing
Originally published in: 1999
Version: 2021-01-20
Revision date: 25-May-2021
Length: 5 pages
Data source: Generalised experience

Abstract

This is a Japanese version. 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.

Teaching and learning

This item is suitable for undergraduate courses.
Location:
Industry:
Size:
Small
Other setting(s):
1998

About

Abstract

This is a Japanese version. 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.

Teaching and learning

This item is suitable for undergraduate courses.

Settings

Location:
Industry:
Size:
Small
Other setting(s):
1998

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