acct229 at Texas A&M

1. COGS and Inventory

in Chapter 5 (Video 1 of 11)
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

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Which sorority has better date parties?
ΧΩ or ΚΚΓ

Did I miss anything in Chapter 5?

What Did I Miss?