ACIS Test 3 Study Guide

ACIS Test 3 Study Guide - a Sales Revenue COGS= gross...

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ACIS Test 3 Study Guide Lecture 10-17-2007 To Know 1. Product vs. Selling and Admin Costs 2. Inventory vs. Cost of Goods Sold- Inventory is the key to computing Cost of Goods Sold. Cost of Goods Sold= price they got from selling and how much it actually cost them.
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Unformatted text preview: a. Sales Revenue- COGS= gross margin. b. Periodic Inventory System c. Perpetual Inventory System d. Computing and Recording using both systems...
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