Inventory

/Inventory

Inventory

Inventory: Cost of products waiting to be sold or used in the manufacturing process

  • Manufacturing inventory starts as raw material, moves to work-in-process, and finally a finished good
  • Recorded at cost or lower, if the value has declined using a lower of cost or market valuation

H_6F_Inventory

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By | 2018-01-22T10:24:34+00:00 August 5th, 2015|0 Comments

About the Author:

John Gillingham is a CPA and Accounting App Developer in San Francisco, California. Check the iOS App Store for Accounting Flashcards and the Debits & Credits Game. On Android: Learn Accounting Flashcards. Also on Kindle and iBooks.

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