Hello Class:
This week’s Cengage Assignment consists of six questions from Chapter 5 and 9 from
Chapter 6.
For merchandise inventory transactions the focus is on gross profit, cost of goods
sold, and purchase payments and transactions.
Chapter 6 is focused on inventory valuation methods and their impact on gross profit as well
as how inventory information is used to evaluate the overall financial health of the
organization through ratio analysis related to inventory and its turnover.
The 20 minute
Inventory Transactions video is very helpful in explaining journal entries for the
periodic and perpetual inventory methods for FIFO, LIFO, and Weighted Average.
There
are three other short videos to present an inventory method in use.
In addition to the Chapters 5 and 6 PowerPoints, I have attached a Module 3 Homework
Guide.
If you use it, please let me know what works and what needs more development to be
helpful.
In Cengage, remember those two important tabs to use besides “check my work.”
The ‘SHOW ME HOW’ tab for video guidance and “Email my instructor” tab so that I can
answer any questions you might have.
Also, please ask questions in the general discussion forum or email me directly.
Info on Milestone One is presented in a separate post. Wishing you a great Week 3!
MODULE 3 GRADED ASSIGNMENTS CHECKLIST: 2 Graded Assignments for Module 3
1.
3-1 Problem Set
due Monday, Sept. 18 at Midnight (your time
zone)*
2.
3-2 Milestone One due Tuesday, Sept. 19 at Midnight (your
time zone)*
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MBA, CMA, CSCA
Accounting Adjunct Faculty
College of Online and Continuing Education
Southern New Hampshire University
k.caruso@snhu.edu
Firefox
https://learn.snhu.edu/d2l/le/news/1372577/6352278/view?ou=1372577
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