1
This method is used when the inventory is limited and defined which makes each article easy to distinguish. Each article is identified with a concrete cost type
2
The merchandise bought during the period is registered in buy account. Once bought, the account is registered as "to charge" and the price is also registered
3
The merchandise that is bought but takes some time to get to the company. For this type, a special account is used
4
Through this system, the merchandise is registered directly into the Merchandise Inventory. Once a buy is finished, 2 book entries are registered; one to register the sale and one to take it out of the inventory
5
It allows to estimate teh inventory starting in the sales and an estimated rate of grosss profit. It is useful to make temporary finaltial statements
6
This method consists on getting an average of the costs according to the amoujnt of units that are available. It is obtained by adding the cost of all the merchandise available divided by the amount of units
7
It is used to determine the inventory when there is an observable and consistent pattern between the purchases and the sale prices
8
They are discounts that estimulate a prompt payment
9
They are used in sale contracts which define the responsibilites of teh seller and buyer at the international level. The most famous ones are FOB and CIF
10
It is the estimated cost of sale of an asset in the normal operation process
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