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Accounting for Management
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A D V E R T I S E M E N T
Inventory costing methods
[Exercises]
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Exercise-1 (Current assets section of the balance sheet)
Exercise-2 (Perpetual and periodic inventory system – journal entires)
Exercise-3 (FIFO, LIFO and average cost method in periodic inventory system)
Exercise-4 (Ending inventory using dollar value LIFO method)
Exercise-5 (Net method of recording purchases)
Exercise-6 (Gross method of recording purchases)
Exercise-7 (Periodic inventory system vs perpetual inventory system)
Exercise-8 (FIFO and LIFO under periodic and perpetual system)
Exercise-9 (Computation of ending inventory under FIFO and LIFO)
Exercise-10 (FIFO and LIFO based income statement)
Exercise-11 (Comparison of FIFO, LIFO and average costing method)
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