Inventory Issues last updated July 8, 2008
I have included a link to the Porzellan Manufaktur Meissen. (This is the company that used to take a leisurely week to 10 days to count its inventory) Since the company is owned by the state of Saxony , it does not publish financial statements. But some of you might find it interesting to see and read about a company that has been in continuous existence for almost 300 (founded in 1710) and has been owned by 1. The Kings of Saxony, the state of Saxony, the Russian Occupation forces, the "People of the German Democratic Republic" and finally, again, by the state of Saxony.
below are links to examples and downloadable (excel) files to help you master the technical material in this chapter. On the Inventory Issues page you will find a number of topics discusses relating to the material in the inventory chapter. Excerpts from the financila statements of Boeing and IBM. To practice some of the technical skills acquired in these chapters use the downloadable files linked below:
Basic Issues: (unit FIFO, LIFO, etc.) |
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Example of how to calculate dollar value LIFO. |
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Example of how to use the retail inventory method under a variety of situations: (FIFO, LIFO, Weighted Average, Dollar Value Retail LIFO and Shrinkage) |
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Review Quizzes - Note these are pretty old quizzes, but they may still be somewhat helpful for practice purposes
Contact Information
Email: heidemarie.lundblad@csun.edu - Notice: I do not read or answer email from unidentified sources.
Department of Accounting Office: Juniper Hall JH3123
Department Telephone Number: (818) 677-2461