Financia Merchant Manag ement Chapter 16
Chapter 16
Objectives To Describe Major Aspects of Financial Merchandise planning and management To Explain the Cost and retail methods of Accounting To Examine Alternative Methods of Inventory Control To Integrate Dollar and Unit Merchandising Control Concepts
• To Describe Major Aspects of Financial Merchandise Planning and Management • To Explain the Cost and Retail Methods of Accounting • To Examine Alternative Methods of Inventory Control • To Integrate Dollar and Unit Merchandising Control Concepts
Financial Merchandise Management Dollar control Unit Control
• Dollar Control • Unit Control
Inventory Valuation Merchandise available for sale Cost of Goods Sold(coGs) Gross Profit · Net profit
• Merchandise Available for Sale • Cost of Goods Sold (COGS) • Gross Profit • Net Profit
Inventory Accounting Systems Retail Methods Cost Accounting System
• Retail Methods • Cost Accounting System