MGT402 GDB

MGT402 GDB

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An accounting method of maintaining up to date in automobiles company records that accurately reflect the level of goods on hand, this method can oppose to a yearly or monthly calculation in allows for an automobiles company to have more timely and accurate data on inventories.One keeping continual track of additions or deletions in materials, work in process, and cost of goods sold on a day to day basis. Physical inventory counts are usually taken at least once a year in order to check on the validity of the book records. Cost of goods sold therefore is kept on a day to day basis rather than being determined periodically. we are using these factor in these calculation techniqes are Fifo Lifo, Balance sheets,etc