by admin | Oct 3, 2023 | AutoCount Stock Training Note
Chapter 2 – Understand the Costing Method Chapter 2.1 – Costing Method There are several possible inventory costing methods, which are: a) first in first out method (FIFO) – first goods purchased are also the first goods sold. b) last in first out...
by admin | Oct 3, 2023 | AutoCount Stock Training Note
Chapter 1 – Inventory Chapter 1.2 – Types of Inventories The five components of manufacturing are: a. Raw materials – such as metal and food ingredients, are used in production as source materials. b. works-in-progress (Semi Finished Goods) –...
by admin | Oct 3, 2023 | AutoCount Stock Training Note
Chapter 1 – Inventory Chapter 1.1 – What is Inventory Inventory is one of the most important assets of a business because it is a primary source of revenue and earnings for shareholders. 1) What is Inventory? Inventory, which consists of raw materials,...
by admin | Oct 3, 2023 | AutoCount Stock Training Note
AutoCount Stock Training Note Chapter 1 - Inventory 1.1 What is inventory? 1.2 Types of inventories Chapter 2 - Understand Costing Method 2.1 Costing Method 2.2 FIFO Costing Method 2.3 LIFO Costing Method 2.4 Weighted Average Costing Method 2.5 Difference between FIFO...
