VoyForums

[ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, [2] ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 16:27:55 01/29/02 Tue
Author: Marilyn Whittaker
Subject: Chapter 3 Assignment 3.1 page 87?

Question.

The ending inventory each month is supposed to be the inventory used for that month. If COGS is beginning inventory + materials purchased - ending inventory how can each month's income statement be the amount of inventory used?

The book even goes on to say that "Dirk's inventory policy is a one month supply. That is, at the end of January he wants to have in inventory a number of units equal to what he sold in January. In January Dirk sold 2000 packages. Thus he wants to have 2000 packages in inventory at the END OF THE MONTH. That would mean that beginning inventory IN February would be 2000.

I DON'T UNDERSTAND THIS!

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

[ Contact Forum Admin ]

Forum timezone: GMT-8
VF Version: 3.00b, ConfDB:
Before posting please read our privacy policy.
VoyForums(tm) is a Free Service from Voyager Info-Systems.
Copyright © 1998-2019 Voyager Info-Systems. All Rights Reserved.