FAR Inventory Reconciliation

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    Topic
  • October 4, 2020 at 10:52 pm #3120384
    isaac.south
    Participant

    Does anyone have a good mnemonic for Inventory Reconciliation from Recorded to Physical counts and from Physical count to recorded? Thank you.

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  • October 6, 2020 at 10:27 pm #3122217
    AGI
    Participant

    Did you mean those LIFO, FILO, weighted average? Or you mean actual inventory audit in life?

    I think those inventory calculation are “as what they are being called in life”. Be more specific?

    New York - NYC
    Passed CPA Exam (11/2014)
    In search for a position in NYC that will fulfills the license requirement.

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