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ch.7 jeoperdy ques.for acct. - All about Inventory LIFO...

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All about  Inventory Other  Terms Review  Potpourri $ 100 $ 100 $ 100 $ 200 $ 200 $ 200 $ 300 $ 300 $ 300 $ 400 $ 400 $ 400 $ 500 W. Avg &  Specific ID $ 400 $ 100 $ 200 $ 300 $ 500 LIFO &  FIFO $ 100 $ 200 $ 300 $ 400 $ 500 $ 500 $ 500
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All About Inventory - $100 Property held for sale in the normal course of  business, or to be combined with other items to  produce goods for sale. What is Inventory? Back to Board
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All About Inventory - $200 Beginning inventory plus purchases for the  period. What is Goods Available for Sale? Back to Board
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All About Inventory - $300 Number of units sold times the unit cost of the  items sold. What is Cost of Goods Sold (COGS or CGS)? Back to Board
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All About Inventory - $400 The Cost of Goods Sold equation. What is Beginning Inventory + Purchases –  Ending Inventory = COGS? Back to Board
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All About Inventory - $500 The accounts involved in paying cash for  freight  to have inventory delivered to the company. What are Inventory and Cash? Back to Board
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LIFO & FIFO - $100 The method of inventory costing in which the  costs of the first goods purchased are assigned  to the first goods sold.
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