ACCT 284 at Iowa State University

7. Drawbacks to Periodic

in Topic 5 (Video 7 of 11)
Playback Rate: {{ playbackRates[currentRate].display }}
The Periodic inventory has a couple of drawbacks, which we will discuss here.

This Video Mentioned Some Formulas

Beginning Inventory
+ Net Purchases
– Ending Inventory
COGS

The Rest Of The Videos

1 COGS and Inventory 2:57
2 Net Sales 10:03
3 Perpetual vs Periodic 7:10
4 FOB Shipping? 8:51
5 Transportation In 8:41
6 COGS 6:18
7 Drawbacks to Periodic
You are here. 		6:07
8 Specific Identification 2:17
9 Weighted Average 4:21
10 FIFO and LIFO 20:17
11 Estimating with Gross Profit 7:23
Topic 6 →

Topic 5 Practice Problems

Click Here to View All Topic 5 Problems at Once View
1 Consignment Inventory Easy
2 FOB Destination Easy
3 Inventory Set Aside Easy
4 Loss On Inventory Easy
5 FOB Shipping Moderate
6 FOB Shipping Moderate
7 Inventory Costing Moderate
8 The Effect of Inventory Errors Hard
← Topic 4

Did I miss anything in Topic 5?

What Did I Miss?