Inventory Accounting: A Comprehensive Guide

Author(s): Steven M. Bragg

Series: Wiley Best Practices

Publisher: Wiley, Year: 2005

Description:
Inventory Accounting describes how to set up an accounting system that appropriately handles the accumulation of inventory costs, their summarization in the chart of accounts, and the standard journal entries to be used in order to record transactions. It also shows how to use best practices to increase the efficiency of the inventory-tracking and costing functions.