0
Which item is deducted from inventory as it is sold or dispensed?
Wiki User
∙ 12y ago
Point of sale system (POS system)
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Formula for cost of goods sold?
Beginning Inventory + Purchases - Cost of Good Sold = Ending Inventory
When the perpetual inventory system is used the inventory sold is shown on the income statement as?
cost of merchandise sold.
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
What is the inventory system in which the inventory records do not show the amount available for sale or sold during the period called?
A periodic inventory system will not show the amount available for sale or sold during the period. A perpetual inventory system will show each purchase in the inventory.
Can you sell or drop items in hands of war?
Yes you can, in your inventory there is an box go to an city and then open your inventory drag the item to the box. It's sold.
What is meant by out of stock?
The term 'Out of Stock' means that the item has been sold out and no more are left in inventory. Out of Stock items are typically restocked and new copies of the item are made available.
What is the name for the documents that list every item sold in the US?
just like the mangers in a store have an inventory of all the items sold. but i wanted that for every store and business in the united states
Formula for cost of goods sold?
Beginning Inventory + Purchases - Cost of Good Sold = Ending Inventory
When the perpetual inventory system is used the inventory sold is shown on the income statement as?
cost of merchandise sold.
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.
When does inventory become Cost Of Goods Sold?
When it is sold.
The inventory turnover is calculated by dividing cost of goods sold by?
ending inventory
How do you tell how long a unit of inventory sits on a shelf before it is sold from the inventory turnover rate?
How long a unit of inventory sits on a shelf before it is sold is a measure of time. The inventory turnover rate is a ratio that shows how many times the inventory is sold and replaced over a certain length of time.
Calculation of inventory turnover rate?
cost of goods sold/ Average inventory
What is the inventory system in which the inventory records do not show the amount available for sale or sold during the period called?
A periodic inventory system will not show the amount available for sale or sold during the period. A perpetual inventory system will show each purchase in the inventory.
Is inventory a cash equivalent?
Yes it depends of inventory nature if inventory can immediately be sold to sales then it is cash equivalent.
