If you sell merchandise or manufacture products, you depend on selling your inventory to earn revenue. To know your gross profit, you must track your sales and the cost of goods sold, or COGS.

Inventory adjustments are necessary in just about any business, and there are two basic methods used to adjust inventory. Perpetual inventory adjustment occurs when the inventory is adjusted to ...

Aid in the calculation of key financial ratios, such as the debt-to-equity ratio and current ratio, which influence ...

Forbes contributors publish independent expert analyses and insights. I help you pay less tax . . . legally . . . in full view of the IRS. This article is more than 5 years old. In the last ...