Professional Documents
Culture Documents
Accounting Indonesia Adaptation 4 TH Edition: - Volume 1
Accounting Indonesia Adaptation 4 TH Edition: - Volume 1
Accounting Indonesia Adaptation 4 TH Edition: - Volume 1
INDONESIA ADAPTATION
4 TH EDITION—VOLUME 1
Carl S. Warren
James M. Reeve
Jonathan E.Duchac
Ersa Tri Wahyuni
Amir Abadi Jusuf
CHAPTER 7
INVENTORIES
Learning Objectives
Reporting
Safeguarding the
inventory in the
inventory from
financial
damage or theft.
statements
Control of Inventory
Safeguarding Inventory (slide 1 of 3)
Using two-way
mirrors, cameras,
security tags, and
guards.
Reporting Inventory
The ending
The first units
inventory is
purchased are
made up of the
assumed to be
most recent
sold
purchases.
Weighted Average Inventory
Cost Flow Method
Retail
Method Gross Profit
Method
Retail Method of Inventory Costing