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Inventory and Cost of Goods Sold

Module by: Rudy Lopes. E-mail the author

Summary: Inventory represents finished and unfinished goods which have not yet been sold by a company. Cost of Goods Sold is a measure of the direct cost involved in acquiring or producing goods that are, in turn, sold. Learn about the different methods of calculating inventory and costs of goods sold in these tutorials.

Cost of Goods Sold -- Average Cost Method -- Use this Formula Solver! Series program to learn how to calculate Cost of Goods Sold with the Average Cost Method, including concepts such as inventory and per unit cost.

Cost of Goods Sold FIFO Method -- Use this Formula Solver! Series program to learn how to calculate Cost of Goods Sold with the FIFO Method.

Cost of Goods Sold LIFO Method -- Use this Formula Solver! Series program to learn how to calculate Cost of Goods Sold with the LIFO Method.

Cost of Goods Sold Overview -- This Smartacus Study Sheet will help you to understand how to find cost-of-goods-sold and the value of inventory. Explore definitions and methods (including Average Cost Method, LIFO, and FIFO). It also prints for easy reference.

Inventory Value Average Cost Method -- Use this Formula Solver! Series program to learn how to calculate Inventory Value with the Average Cost Method.

Inventory Value FIFO Method -- Use this Formula Solver! Series program to learn how to calculate Inventory Value with the FIFO Method.

Inventory Value LIFO Method -- Use this Formula Solver! Series program to learn how to calculate Inventory Value with the LIFO Method.

Inventory Value Overview -- Use this Smartacus Study Sheet to understand how to find the value of inventory and cost-of-goods-sold. Explore definitions and methods (including Average Cost Method, LIFO, and FIFO). It also prints for easy reference.

Inventory Turnover Rate at Cost - Inventory turnover rate at cost is one way to judge the health of a company. This Formula Solver shows you the steps to finding it while using your values for cost of goods sold, beginning inventory at cost, and ending inventory at cost.

Inventory Turnover Rate at Retail - Inventory turnover rate at retail is one way to judge the health of a company. This Formula Solver shows you the steps to finding it while using your values for sales, beginning inventory at retail, and ending inventory at retail.

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