[Anonymous]

I get the basic jist of it, but having a hard time with Inventory/COGS, etc…

Anyone find a easier way to understand/apply it than what Becker offers? I understand the J/E, but obviously finding it hard to apply on the MCQs….help!!!

[Texas27]

The way I learned it was to write out the journal entries every time (from the original purchase by the sub/parent to the elimination entry) and put them in t-accounts to get totals for COGS and inventory. Once you feel comfortable with what is going on and what has to be eliminated then you can do them without the JEs and t-accounts.

BEC - Feb 2012: 80
AUD - Feb 2012: 84
FAR - Apr 2012: 78
REG - May 2012: 90

Thanks Becker!

[Anonymous]

I will keep doing that:!)

[Author]

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