Inventories and Retail Operations (Accounting Fundamentals)
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Inventories and Retail Operations (Accounting Fundamentals)
Accounting for retail operations and inventories is the focus of this essay-length study guide. Arranged in three sections - inventory control methods, accounting for retail operations, and cost flow methods - it explains and demonstrates a range of concepts and processes including perpetual and periodic inventory systems, FIFO and LIFO inventory costing methods, and gross profit.
