Accounting




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General Accounting Discussions: Return of goods into inventory/LIFO, FIFO, AVG, Perpetual, Periodic method

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      CommentAuthorBev
    • CommentTimeApr 14th 2007
     
    We have learning the different inventory accounting methods. I don't quite understand what layer the merchandise is returned to (when you have a return of merchandise) using the different methods. It was explained in class but I did not understand it and it was not addressed in our text book. Could someone please help me?
    Thanks

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