Title: Module 1 Introduction: (CU4 M1)
Course: SkillsCom BA 112 16.0 > Section: Credit Unit 4 Module 1

This Module covers accounting for merchandise inventory.

Module Outcomes:

- Understanding and journalizing transactions using the perpetual inventory system and explaining the difference between perpetual and periodic inventory systems.
- Maintaining a subsidiary ledger for inventory; calculating cost of ending inventory for perpetual inventory.
- Understanding periodic methods of determining the value of ending inventory.
- Estimating ending inventory using the retail method and gross profit method and understanding how the ending inventory amount affects financial reports.