Knowing how many units you have in your beginning inventory is crucial to developing a production budget. Your production budget is an estimate of how many units you must manufacture to meet your ...

There are two main types of business. These are businesses that deal in products and businesses that deal in services. All other types of businesses are a mix of one of these two. Think about it, as a ...

Learn about the methods of calculating and tracking inventory that are used in retail accounting.

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices. I like to think of inventory accounting like ...