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Lecture Financial accounting (8/e) - Chapter 7: Reporting and interpreting cost of goods sold and inventory

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Lecture Financial accounting (8/e) - Chapter 7: Reporting and interpreting cost of goods sold and inventory. After studying this chapter, you should be able to: Apply the cost principle to identify the amounts that should be included in inventory and the matching principle to determine cost of goods sold for typical retailers, wholesalers, and manufacturers; report inventory and cost of goods sold using the four inventory costing methods; decide when the use of different inventory costing methods is beneficial to a company.
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Lecture Financial accounting (8/e) - Chapter 7: Reporting and interpreting cost of goods sold and inventory

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