Unformatted text preview: profit method Estimating Inventory by the Gross Profit Method Cost of goods sold computation - periodic Beginning Inventory + Purchases = Goods available- Ending inventory = Cost of Goods sold Gross profit method Beginning Inventory + Purchases = Goods available- Cost of Goods sold = Ending inventory...
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This note was uploaded on 06/15/2011 for the course ACCT 23020 taught by Professor Dorff,p during the Spring '08 term at Kent State.
- Spring '08
- Financial Accounting