Inventory & Cost of Goods Sold

Specific Identification Inventory Costing

First In, First Out (FIFO) Inventory Costing – Perpetual System

Last In, First Out (LIFO) Inventory Costing – Perpetual System

Weighted Average Inventory Costing – Perpetual System

First In, First Out (FIFO) Inventory Costing – Periodic System

Last In, First Out (LIFO) Inventory Costing – Periodic System

Weighted Average Inventory Costing – Periodic System

Inventory Turnover

Days’ Sales in Inventory