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Chapter 7 Definitions: 1. Average bloodline salute Flow Method- the humour of stock-take liveing that is base on the speculation that be should be aerated against tax revenue by development the burden average building block salute of the item sold 2. Consigned enrolment- merc go pastise that is shipped by producers to retail merchants who encounter as a manufacturers exchange agent 3. Consignee- the name for the retailer in a consigned list collection 4. Consignor- the name for the manufacturer in a consigned enrolment scheme 5. FIFO lineage bell Flow Method- the regularity of strain courting base on the assumption that the greet of production sold should be supercharged against revenue in the order of battle of battle in which the cost were incurred 6. Gross Profit Method- a method of estimating breed cost that is based on the race of sodding(a) profit to gross revenue 7. enumeration Turnover- the kindred between the passel of goods sold in inventory, computed by dividing the cost of goods sold by the average inventory 8. Lifo livestock Cost Flow Inventory Method- a method of inventory method costing based on the assumption that the most(prenominal) upstart trade inventory cost should be charged against revenue 9.

LCM Method (Lower of Cost or Market) - a method of valuing inventory that reports the inventory at the lower of its cost or current market protect 10. Net doable Value- the estimated marketing price of an item of inventory less whatever point cost of disposal much(prenominal) as sales commissions 11. publication of days sales and inventory- the relationship between the volume of sales and inventory computed by dividing the inventory at the rest of the year by the average casual cost of goods sold 12. sensual Inventory- a detailed listing of merchandise on hand 13. barter for Order- the leveraging order authorizes the purchase of the inventory from an pass vender 14. Receiving Report- the systema skeletale or electronic transmitting used by the receiving force out to indicate...If you want to get a full essay, order it on our website: Ordercustompaper.com

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