This form, along with the form Inventory: Estimating Using the Gross Profit Method, helps you determine the approximate cost of inventory that is missing. This is done by comparing two amounts: 1) the estimated cost of inventory that is expected to be on hand, compared to 2) the cost of the actual inventory that is on hand.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 3,033 reviewsFeatures
PRO
PRO Plus
For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
Read 3,033 Testimonials
