Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

A1C19

Accounting 1 Chapter 19

TermDefinition
first-in, first-out inventory costing method using the price of merchandise purchased first to calculate the cost of merchandise sold first
gross profit method of estimating inventory estimating inventory by using the previous year's percentage of gross profit on operations
inventory record a form used during a periodic inventory to record information about each item of merchandise on hand
last-in, first-out inventory costing method using the price of merchandise purchased last to calculate the cost of merchandise sold first
periodic inventory a merchandise inventory determined by counting, weighing, or measuring items of merchandise on hand
perpetual inventory a merchandise inventory determined by keeping a continuous record of increases, decreases, and balance on hand
stock ledger a file of stock records for all merchandise on hand
stock record a form used to show the kind of merchandise, quantity received, quantity sold, and balance on hand
weighted-average inventory costing method using the average cost of beginning inventory plus merchandise purchased during a fiscal period to calculate the cost of merchandise sold
Created by: mrs226