VCE Accounting Unit 3. Video of this presentation can be found on my YouTube channel here https://www.youtube.com/channel/UCf5jyuJoYwie8tWfvjEc0zg.

1. 9.14
SUMMARY OF
INVENTORY COSTS

2. © Michael Allison, Trinity Grammar School. Author’s permission required for external use
9.14 SUMMARY OF INVENTORY COSTS
Valued using First in First Out (FIFO)
Valued at the lowest cost of stock on hand
(application of the conservatism principle)
Valued using First in First Out (FIFO)
Valued using First in First Out (FIFO)
Valued using First in First Out (FIFO)
Stock losses
Stock gains
Donations of stock
Withdrawal of stock
by owner
Sales of stock

3. © Michael Allison, Trinity Grammar School. Author’s permission required for external use
TASK
In-class Homework
Ex9.16 X
Ex9.17 X
Ex9.18 X