Transportation In - Acct 229, Texas A&M

in Chapter 5 (Video 5 of 11)

9 minutes

Transportation in matters, but transportation out never really gets talked about. What's the deal with that?

This Video Mentioned Some Formulas

Sales Revenue

– Sales Returns and Allowances

– Sales Discounts

Net Sales

Purchases

– Purchase Returns and Allowances

– Purchase Discounts

Net Purchases

+ Transportation In

Cost of Goods Purchased

1	COGS and Inventory	2:57
2	Net Sales	10:03
3	Perpetual vs Periodic	7:10
4	FOB Shipping?	8:51
5	Transportation In You are here.	8:41
6	COGS	6:18
7	Drawbacks to Periodic	6:07
8	Specific Identification	2:17
9	Weighted Average	4:21
10	FIFO and LIFO	20:17
11	Estimating with Gross Profit	7:23

	Click Here to View All Chapter 5 Problems at Once	View
1	Consignment Inventory	Easy
2	FOB Destination	Easy
3	Inventory Set Aside	Easy
4	Loss On Inventory	Easy
5	FOB Shipping	Moderate
6	FOB Shipping	Moderate
7	Inventory Costing	Moderate
8	The Effect of Inventory Errors	Hard