CSBM 1216 — Inventory Control for Small Business
Inventory Control for Small Business teaches the correct type of inventory method that the company needs to use, FIFO, LIFO, Average Cost, or Standard Method. The student will learn to enter a complete record of each inventory item. The student will learn how to enter, and process purchase orders, receiving reports, and how to convert purchase orders to accounts payable invoices. The student will understand physical inventory, and maintain the perpetual inventory based on actual amounts, and correct prices for each item.