Cost of Sales and Inventory

Chapter Map: Cost Of Sales & Inventory

Chapter: Introduction

Outsider Perspective: What Do I See?

  • Cost of sales and inventory terms, concepts, and disclosures

Insider Perspective:  What’s Behind the Numbers?

  • Inventory basics: terms, concepts, computations, and entries
  • LIFO liquidations and LIFO reserve reversals
  • Inventory impairments

Outsider Perspective: How Do I Use the Numbers?

  • Analyzing cost of sales and inventory