Retail Inventory Method - Conservative Approach and Average Cost Approach

Learn the computation of ending inventory and cost of goods sold under the conservative approach and the average cost approach.

Reference: Intermediate Accounting Volume 1 by Sir Conrado Valix, Sir Jose Peralta, and Sir Christian Aris Valix

Timestamps:
00:00 Overview
02:30 Problem-Solving Conservative approach and Average cost approach
07:01 TGAS and Cost Ratio under Conservative Approach
10:26 TGAS and Cost Ratio under Average Cost Approach
12:33 Comparison of Conservative and Average Cost Approach
13:39 Cost of Goods Sold and Ending Inventory expressed in Retail
20:01 Ending Inventory expressed at Cost
21:22 Cost of Goods Sold Computation
22:52 Outro

#RetailInventoryMethod #ConservativeApproach #AverageCostApproach

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Certified Public Accountant


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