Chapter 7 — Inventory
Chapter Outline
- LO 7.1 Describe and Demonstrate the Basic Inventory Valuation Methods and Their Cost Flow Assumptions
- LO 7.2 Calculate the Cost of Goods Sold and Ending Inventory Using the Periodic Method
- LO 7.3 Calculate the Cost of Goods Sold and Ending Inventory Using the Perpetual Method
- LO 7.4 Explain and Demonstrate the Impact of Inventory Valuation Errors on the Income Statement and
Balance Sheet - LO 7.5 Examine the Efficiency of Inventory Management Using Financial Ratios
