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Textile Costing · Lecture 03 · Quiz 2 of 5

Formulas and relationships

Current Assets & Liabilities

Quiz 1 · Key terms and ideas Quiz 2 · Formulas and relationships Quiz 3 · Worked calculations Quiz 4 · Applied in practice Quiz 5 · Challenge review

The cost-of-goods-sold identity, prepayments and the direction in which each inventory method pushes profit.

Finished? Back to the lecture · On to Quiz 3.