This is Class 4 of my Accounting Principles Course, Part I (see whole course preview). Accounting Principles Class (Inventory Accounting Concepts) includes 11 Excel, Word, and PowerPoint files. Specifically, this class contains all material needed to facilitate a class on basic Inventory accounting concepts, including slides with detailed instructor notes, class activities, instructor guides, templates, quiz, etc. Includes several tools I have for sale separately on TpT, such as the 9-Step Accounting Process Tool and Cost of Goods Sold Tool! Specific class learning objectives include:
• Analyze elements in the cost of goods sold (COGS) calculation
• Record transactions that involve the purchase and sale of merchandise
• Calculate ending inventory value using the LIFO, FIFO, and average cost methods
• Analyze impact of inventory methods on net income or loss
This class is set to a 4-hour block. However, you can easily change this by dividing up the class material according to your school’s schedule.