Tag Archives for " cost of goods sold "

Inventory: Discounts

What Is a Discount? We all love discounts, but why would a business offer offer a discount on their products? Typically, a business might offer a discount to increase sales, make an unhappy customer happy

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Calculating Inventory Cost

Calculating Inventory Cost Inventory costs are constantly changing. Companies must decide how inventory costs will be calculated for the purposes of expensing that inventory when it is sold. There are

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Last-In, First-Out (LIFO) Inventory Calculations

Last-in, first-out (LIFO) is an inventory method popular with companies that experience frequent increases in the cost of their product. LIFO is used primarily by oil companies and supermarkets, because

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Weighted Average Inventory Method Calculations (Periodic & Perpetual)

Weighted Average Inventory Method? Most people know how to do a simple average, but have trouble with Weighted Average Inventory Method (or WAC). Weighted averages are all around us, although you may not

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