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Consignee's Ending Inventory
The value of goods that are still on consignment at the end of an accounting period, not yet sold by the consignee.
Specific Identification
An inventory costing method where the cost of each specific item in inventory is identified and assigned to the sold units.
Individually Identifiable
Characteristics of an asset or an entity that can be distinctly identified, isolated, and valued separately from other assets or entities.
Cost of Goods Available
Cost of goods available refers to the total cost of inventory that a company has to sell at the beginning of an accounting period, including purchases made during the period.
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