Determining the cost or valuation of inventory held in a company is an important management task. Inventory often represents a large portion of total assets on the balance sheet and the method used to ...

Your company has three inventory costing methods from which to choose. The choice is important because it influences your cost of goods sold, net income and income tax payable. Whichever method you ...

And wouldn’t you know it; the need for more operational data is at the heart of it. “A couple of people sent me letters from shippers during that [pre-ELD] time which said, ’We’re so grateful for all ...

Plastics processors are fortunate to have several options for managing and calculating costs. In part one of this series, we discussed the benefits of a production profit contribution model. This ...

Costing, the process by which an organization's costs are determined, is one of the most useful policy-making and management tools available to higher education leaders throughout the world. Yet ...

But there is another option called the Specific Identification (SI) accounting method. Assume you bought several lots of security A over the year while the stock increased in price. You might prefer ...