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 ...

Businesses may use two systems to maintain inventory records: perpetual and periodic. Now that computing systems that tie inventory and sales records together are widely available, most companies use ...

The goal of all businesses is to make money, so the cheaper it is for a business to produce a product or offer a service, the more that company stands to profit. Cost of goods sold, or COGS, is a term ...