November 2003
Intermediate to advanced
186 pages
2h 50m
English
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Things to Keep in Mind
Inventory represents goods on hand that will be sold in the future (hopefully the very near future). When the goods are sold, the cost is transferred from Inventory to Cost of goods sold. Specific identification is a method that directly associates the amount it cost to acquire the particular item sold (the amount put into Inventory) with the cost transferred to Cost of goods sold.
In many (even most) cases it is not possible to directly track when an item from a particular shipment is sold. We therefore need to select a cost flow assumption. There are three choices of cost flow assumption: FIFO, LIFO, and weighted average. FIFO and LIFO assume that the goods sold were either the first ones purchased (FIFO) or the last ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.