acct2301 at UT Arlington

1. COGS and Inventory

in Chapter 4 (Video 1 of 7)
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A brief introduction to inventory, cost of goods sold, and how they relate to each other. This is meant to be a brief overview before we really dive in.

This Video Mentioned Some Formulas

Beginning Inventory
+ Net Purchases
– Ending Inventory
COGS
Beginning Inventory
+ Net Purchases
– COGS
Ending Inventory
Beginning Inventory
+ Net Purchases
Goods Available for Sale (Some professors care about this... some don't)

The Rest Of The Videos

1 COGS and Inventory
You are here. 		2:57
2 Net Sales 10:03
3 Perpetual vs Periodic 7:10
4 Transportation In 8:41
5 COGS 6:18
6 Drawbacks to Periodic 6:07
7 Estimating with Gross Profit 7:23
Chapter 5 →

Chapter 4 Practice Problems

Click Here to View All Chapter 4 Problems at Once View
1 Loss On Inventory Easy
2 The Effect of Inventory Errors Hard
← Chapter 3

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