Up-In-Smoke is the implementation by periodic inventory valuation method. Completed in two stages, students first need to appreciate the total goods available for sale, considering items such as duties, taxes, rebates, discounts and terms, FOB, and purchase prices. After the completion of various methods to value inventory ending balance can be applied and compared, namely FIFO, LIFO and average cost method. "Hide
by Elizabeth M. Grasby, Joan Lansink Source: Richard Ivey School of Business Foundation 4 pages. Publication Date: February 15, 1999. Prod. #: 999B06-PDF-ENG
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