Cost of Goods Sold Overview: Study Sheet

This Smartacus Study Sheet will help you to understand how to find cost-of-goods-sold and the value of inventory. Explore definitions and methods (including Average Cost Method, LIFO, and FIFO). It also prints for easy reference. Continue reading

Average Daily Balance

The Average Daily Balance is the total of the balance at the end of each day during a period divided by the number of days in the period. Learn how to calculate average daily balance (ADB) in this tutorial. Continue reading

Inventory Value Study Sheet

Use this Smartacus Study Sheet to understand how to find the value of inventory and cost-of-goods-sold. Explore definitions and methods (including Average Cost Method, LIFO, and FIFO). It also prints for easy reference. Continue reading