acct209 at Texas A&M

11. Specific Identification

in Chapters 5 & 6 (Video 11 of 14)
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Of the inventory costing methods, specific identification is by far the easiest, and the least used.

The Rest Of The Videos

1 The Multistep Income Statement 12:44
2 Gross Profit vs Net Profit 6:15
3 Profit Margin 3:22
4 Net Sales 10:03
5 COGS and Inventory 2:57
6 Perpetual vs Periodic 7:10
7 FOB Shipping? 8:51
8 Transportation In 8:41
9 COGS 6:18
10 Drawbacks to Periodic 6:07
11 Specific Identification
You are here. 		2:17
12 Weighted Average 4:21
13 FIFO and LIFO 20:17
14 Estimating with Gross Profit 7:23
Chapter 8 →

Chapters 5 & 6 Practice Problems

Click Here to View All Chapters 5 & 6 Problems at Once View
1 Consignment Inventory Easy
2 FOB Destination Easy
3 Inventory Set Aside Easy
4 Loss On Inventory Easy
5 FOB Shipping Moderate
6 FOB Shipping Moderate
7 Inventory Costing Moderate
8 Calculating Operating Income Hard
9 The Effect of Inventory Errors Hard
← Chapter 4

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