Drawbacks to Periodic - Accy 201, Ole Miss

in Chapter 4 (Video 4 of 10)

6 minutes

The Periodic inventory has a couple of drawbacks, which we will discuss here.

This Video Mentioned Some Formulas

Beginning Inventory

+ Net Purchases

– Ending Inventory

COGS

1	COGS and Inventory	2:57
2	Net Sales	10:03
3	Perpetual vs Periodic	7:10
4	Drawbacks to Periodic You are here.	6:07
5	FOB Shipping?	8:51
6	Transportation In	8:41
7	COGS	6:18
8	The Multistep Income Statement	12:44
9	Gross Profit vs Net Profit	6:15
10	Profit Margin	3:22

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