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We are a small manufacturer. We've just finished creating all of our inventory items, including raw materials and finished goods. For finished goods, we used the "build" tab to create our BOMs, which identify the quantities of raw materials required for…
In a recent post to Sylvie Su I found the following link very helpful.
http://www.accounting-basics-for-students.com/periodic-inventory.html
But when a new business is started, using periodic inventory, in which account is the opening inventory posted…
