[shanek327]

Beginning Inventory + Purchases – COGAFS

COGAFS – Ending Inventory – COGS

May be a silly question but ….Is this the same regardless of what inventory system you are using? (ie. FIFO, LIFO, etc.)

FAR - 75
AUD - 78
BEC - 82
REG - 77

2 Corinthians 5:21

Our value does not come from our skills and abilities, as good as they may be; it does not come from our GPA, our job, a promotion from that job to a better job, our success on the CPA exam, or anything of the like; but our value comes from the fact that we have a Creator who loves us, cares for us, and desires to help us navigate the rough waters of this life in a way that provides security, hope, and true, everlasting joy while we anticipate the life to come, with Him.

[FAR_WARS]

Yes the formula will stay the same. However, the amounts used for ending inventory and COGS will be different depending upon which valuation method is chosen.

FAR- 80
BEC- 75
AUD- 78
REG- ?

[Author]

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