1.0Camdemy1.0http://media.usc.edu.twFinancial Accounting and Accounting Standardshttp://media.usc.edu.tw/user/http://media.usc.edu.tw/sysdata/doc/9/9b389393624324e3/thumb_l.jpg360640<iframe width='720' height='576' id='ccShare129' frameborder='0' src='http://media.usc.edu.tw/media/e/129' allowfullscreen></iframe>video72057651:52Chapter 601index 202Slide 103Slide 104Slide 105Slide 106Chapter 607Preview of Chapter 608Classifying Inventory09Preview of Chapter 6010Classifying Inventory011Slide 5012Physical Inventory taken for two reasons:013Chapter 6014Preview of Chapter 6015Classifying Inventory016Slide 5017Physical Inventory taken for two reasons:018Taking a Physical Inventory019Slide 8020Determining Ownership of Goods021Goods in Transit022Question023Determining Inventory Quantities024Slide 13025Unit costs can be applied to quantities on hand using the following costing methods:Specific IdentificationFirst-in, first-out (FIFO)Average-cost026Illustration: Crivitz TV Company purchases three identical 50-inch TVs on different dates at costs of £700, £750, and £800. During the year Crivitz sold two sets at £1,200 each. These facts are summarized below.027Specific Identification028Inventory Costing029Inventory Costing030Illustration: Data for Lin Electronics’ Astro condensers.031First-In-First-Out (FIFO)032First-In-First-Out (FIFO)033Inventory Costing034Inventory Costing035Inventory Costing036Inventory Costing037Financial Statement and Tax Effects038Question039Slide 28040fs1280x1024720x5761280x1024http://media.usc.edu.tw/sysdata/doc/9/9b389393624324e3/thumb.jpghttp://media.usc.edu.tw/sysdata/doc/9/9b389393624324e3/cover.jpghttp://media.usc.edu.tw/sysdata/doc/9/9b389393624324e3/video/thumbs/storyboard.jpghttp://media.usc.edu.tw/sysdata/doc/9/9b389393624324e31