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inventory of goods defined
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∙ 11y ago
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What is mean by inventory?
An inventory refers to a complete list of items like goods in stock and property.
Finished goods inventory and merchandise inventory are the same?
YES
The inventory turnover is calculated by dividing cost of goods sold by?
ending inventory
Calculation of inventory turnover rate?
cost of goods sold/ Average inventory
Is inventory turnover the same as inventory conversion period?
Inventory conversion period tells that how many days it is require to convert inventory to finished goods while inventory turnover tell in number of times that how many times inventory turned into finished goods in one fiscal year.
What is mean by inventory?
An inventory refers to a complete list of items like goods in stock and property.
What is the inventory turnover ratio?
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory and Average Inventory = ( Beginning Inventory + Ending Inventory ) / 2
Finished goods inventory and merchandise inventory are the same?
YES
What does is mean by cost of goods sold?
COGS. An income statement figure which reflects the cost of obtaining raw materials and producing finished goods that are sold to consumers. Cost of Goods Sold = Beginning Merchandise Inventory + Net Purchases of Merchandise - Ending Merchandise Inventory.
What does inventory the canned goods mean?
It means that cans suck and they eat chickens that are stuffed with pumpkin soup.
The inventory turnover is calculated by dividing cost of goods sold by?
ending inventory
Cost of good sold?
Cost of goods sold refer to the carrying value of goods sold during a particular period. The beginning inventory + inventory purchases â?? end inventory equals cost of goods sold.
What is stock inventory?
Stock inventory is the total items with the person who is doing business. Stock means the goods which are with one when one is selling items or goods. Inventory means all the goods including one's own assets.
Is inventory stock?
Stock inventory is the total items with the person who is doing business. Stock means the goods which are with one when one is selling items or goods. Inventory means all the goods including one's own assets.
Inventory the canned goods?
Count them
Calculation of inventory turnover rate?
cost of goods sold/ Average inventory
Is inventory turnover the same as inventory conversion period?
Inventory conversion period tells that how many days it is require to convert inventory to finished goods while inventory turnover tell in number of times that how many times inventory turned into finished goods in one fiscal year.
