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1. Narrated Slides (Chapter Content)
2. iPod Content (Chapter Content)
| LO 1 | Identify the items making up merchandise inventory. |
| LO 2 | Identify the costs of merchandise inventory. |
| LO 3 | Compute inventory in a periodic system using the methods of specific identification, FIFO, LIFO, and weighted average. |
| LO 4 | Analyze the effects of inventory methods for both financial and tax reporting. |
| LO 5 | Apply the lower of cost or market valuation. |
| LO 6 | Assess inventory management using both inventory turnover and days' sales in inventory. |
| LO 7 | Appendix 17A—Compute inventory in a perpetual system using the methods of FIFO, LIFO, and weighted average. |
| LO 8 | Appendix 17B—Apply the gross profit method to estimate inventory. |