How do you calculate inventory in a periodic system?
How do you calculate inventory in a periodic system? Calculate the cost of goods available for sale (COGAFS): Add the beginning inventory (BI) and the cost of purchases (P) for the period (COGAFS = BI + P). Estimate the cost of goods sold (COGS): Multiply the sales (S) for the period by [1 – the … Continue reading How do you calculate inventory in a periodic system?
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