Abstract
The transaction process of a trading company includes a calculation of the cost of good sold because it contains an inventory of merchandise, so the company needs to specifically record every transaction related to this inventory, and in its development it is still experiencing various problems. The approach method offered to solve partner problems consists of: surveys, interviews, knowledge of inventory methods, recording of inventory methods, assistance and equipment, monitoring and evaluation. This Community Service activity is expected to provide a computerized recording system for inventory methods and the procurement of adequate equipment to support the sewing process.
Highlights
Facing an era of increasingly fierce competition, a person is required to have a high entrepreneurial spirit so that he can run the business he is doing well
The FIFO method is more visible in calculating the Cost Of Good Sold (COGS)
The cost used to purchase the first item is the Cost Of Good Sold (COGS)
Summary
Facing an era of increasingly fierce competition, a person is required to have a high entrepreneurial spirit so that he can run the business he is doing well. Companies engaged in trade and services need to record accounting to determine the financial condition of their business.
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