5

Inventory and Cost of Goods Sold

5.1 Accounting for Inventory

5.2 Determining Inventory Quantity

5.3 Figuring Inventory Costs

5.4 Inventory Valuation Methods

5.5 Cost of Goods Sold

5.1 Accounting for Inventory

Major Inventory Issues

Classifying Inventory

Employing Inventory Systems

This subchapter offers a quick primer on the major issues related to inventory. We take you through how it’s classified and accounted for and help you choose an inventory system that works for your company.

Major Inventory Issues

Unless you’re in the service business, inventory is likely to be one of your company’s most significant assets. Inventory systems can ...

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