Drawbacks to Periodic - Acct 2301, UT Arlington

in Chapter 4 (Video 6 of 7)

6 minutes

The Periodic inventory has a couple of drawbacks, which we will discuss here.

This Video Mentioned Some Formulas

Beginning Inventory

+ Net Purchases

– Ending Inventory

COGS

1	COGS and Inventory	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 You are here.	6:07
7	Estimating with Gross Profit	7:23

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