This is a merchandise inventory management information systems.
estimated loss from sales valuation of merchandise inventory
In contrast, under the perpetual inventory method of accounting for merchandise inventory and the cost of merchandise sold accounts.
Inventory includes raw materials, low priced and easily worn articles, packing materials, goods in installment sales and merchandise inventory.
In addition to cash, current assets typically include temporary investments in marketable securities, notes receivable, accounts receivable, merchandise inventory and prepaid expense.
