For a retailer or wholesaler, cost of goods sold is equal to total inventory at the beginning of the accounting period plus any merchandise purchased, including freight costs, minus the inventory ...

Inventory accounting methods are used to track the ... You can take the goods that the company has at the beginning of any given period, add the materials that it purchased to make more goods ...

With an inventory accounting method, such as last-in, first-out (LIFO), you can do just that. Below, we’ll dive deeper into LIFO method to help you decide if it makes sense for your small business.

Oracle NetSuite ERP (NetSuite) is an enterprise solution for managing your accounting, inventory ... get just accounting software and some basic ERP features. As you grow, you can keep your ...