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Managing Inventory: Accounting Fundamentals
©2014

Inventory can include products that a company makes and sells, products that it purchases and resells, and products that it sells on consignment. Through this video, viewers will learn how companies manage their goods as illustrated by a consignment shop, a large grocery store, a hardware store, a construction company, a chemical plant, a jewelry store, a gas station, and a boutique clothing store. Sections include: Types of Inventory, Inventory Assessment and Systems, Costing Methods, Costing Methods in Action, Specific Identification Method of Inventory Costing, Conservatism and Inventory, and Inventory Adjustments and Estimates. A Films for the Humanities & Sciences/MotionMasters Coproduction. A part of the series Accounting Fundamentals. (30 minutes)



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Inventory
Inventory is considered an asset on the balance sheet. Accurate inventory is important.