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Inventory Costing Methods (Periodic Inventory System)


Inventory Costing Methods (Periodic Inventory System)

Logo for Inventory Costing Methods (Periodic Inventory System)
This problem-based learning activity helps students apply inventory cost flow methods under a periodic inventory system. Students determine the value of the ending inventory and cost of goods for biology lab microscopes sold by a fictitious entity, Science Education Supplies, Inc. The four methods included are: specific identification, weighted average cost, first-in first-out (FIFO), and last-in first-out (LIFO). In addition, they compare and contrast how applying the different costing methods... More
Material Type: Drill and Practice
Technical Format: HTML/Text
Date Added to MERLOT: August 16, 2010
Date Modified in MERLOT: May 29, 2012
Submitter: Susan Moncada
Keywords: FIFO, Weighted Average Cost, Inventory costing methods, LIFO


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Primary Audience: High School, College Lower Division
Mobile Compatibility: Not specified at this time
Technical Requirements: Word 2007
Language: English
Cost Involved: no
Source Code Available: yes
Accessiblity Information Available: unsure
Creative Commons: Creative Commons License
This work is licensed under a Attribution-NonCommercial 3.0 United States


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