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Specific Identification Inventory Valuation – When to Use it?

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Manage episode 505525534 series 2602220
Content provided by MRPeasy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by MRPeasy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Managing inventory costs in manufacturing? The specific identification method tracks each item’s actual cost from purchase to sale—no estimates, no assumptions. It’s the most accurate way to calculate the cost of goods sold, but the complexity means it only makes sense for certain operations.

You can learn more in this episode or read about it on our blog

For more information about MRPeasy software, visit our website: mrpeasy.com

  continue reading

148 episodes

Artwork
iconShare
 
Manage episode 505525534 series 2602220
Content provided by MRPeasy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by MRPeasy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Managing inventory costs in manufacturing? The specific identification method tracks each item’s actual cost from purchase to sale—no estimates, no assumptions. It’s the most accurate way to calculate the cost of goods sold, but the complexity means it only makes sense for certain operations.

You can learn more in this episode or read about it on our blog

For more information about MRPeasy software, visit our website: mrpeasy.com

  continue reading

148 episodes

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