11 - Perpetual & Periodic Inventory Methods & Cost of Goods Sold
In this episode, we will cover the journal entries made when using the perpetual and periodic inventory methods, and we will also go over the formula and journal entry to record cost of goods sold under the periodic inventory method.
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More from Accounting 101 with Jimmy Stewart
17 - The Objectives of Financial Reporting & Concepts of Accrual Accounting
16 - Closing the Books at the End of the Period (The Closing Process)
15 - Adjusting Journal Entries (The Adjusting Process)
14 - An Overview of the Accounting Cycle
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