professor simons week 7

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Refer to Chapter 5 pages: 244 - 245 and Illustration 5-3 on page 229

Illustration 5-4 demonstrates the difference between a Perpetual Inventory system and that of a Periodic inventory system.

Write a 200 word paragraph answering the following questions:

  • Describe the flow of cost.
  • How would you calculate cost of goods sold?
  • What items make up cost of goods sold?
  • What is the difference between a perpetual inventory system and periodic inventory system as it relates to computing cost of goods sold?
  • Posted: 4 years ago
  • Due: 
  • Budget: $7
Answers 1
  • Accounting Week 7
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  • Resource: Ch. 5 of Financial Accounting

    Complete Exercises E5-4 [Parts A & B] and E5-8 [Part A ONLY].

    Submit as either a Microsoft® Excel® or Microsoft® Word document.

    **Due 06/07/2015 by 5:00 …