![]() Inventory consists of goods (products, merchandise) awaiting to be sold to customers as well as a manufacturers' raw materials and work-in-process that will become finished goods. Inventory is recorded and reported on a company's balance sheet at its cost. When an inventory item is sold, the item's cost is removed from inventory and the cost is reported on the company's income statement as the cost of goods sold. Cost of goods sold is likely the largest expense reported on the income statement. When the cost of goods sold is subtracted from sales, the remainder is the company's gross profit. It is critical that the items in inventory get sold relatively quickly at a price larger than its cost. Without sales the company's cash remains in inventory and unavailable to pay the company's expenses such as wages, salaries, rent, advertising, etc. It is common for a company to experience rising costs for the goods it purchases. As a result, the company's costs may be different for the same products purchased during its accounting year. When this occurs, the company must decide which costs should be matched with its sales and which costs should remain in inventory. In the U.S., three of the cost flow methods for removing costs from inventory and reporting them as the cost of goods sold include:įIFO or first in, first out. ![]() This cost flow removes the oldest inventory costs and reports them as the cost of goods sold on the income statement, while the most recent costs remain in inventory. This cost flow removes the most recent inventory costs and reports them as the cost of goods sold on the income statement, and the oldest costs remain in inventory. In addition to selecting a cost flow method, the company selects one of the following inventory systems for recording amounts in its general ledger Inventory account(s): This method calculates an average per unit cost and applies it to both the units in inventory and to the units sold. The periodic system indicates that the Inventory account will be updated periodically, such as on the last day of the accounting year. Throughout the year, the goods purchased will be recorded in temporary general ledger accounts entitled Purchases. At the end of the year, the cost of the ending inventory will be calculated. The Inventory account balance will be adjusted to this amount. At this time, the cost of goods sold is also calculated. The perpetual system indicates that the Inventory account will be continuously or perpetually updated. In other words, the balance in the Inventory account will be increased by the costs of the goods purchased, and will be decreased by the cost of the goods sold. At idle I am reading about 60C on one CPU and 55C on the other. What I would do is depreciate auto start, just using the App as and when needed the additional information. Such monitoring utilities can provide interesting data, equally few if any bring solutions to the table. ![]() I don't discount the usefulness in the event of troubleshooting, however I don't want them to be running continuously in the background for no purpose. Look at it this way if an App informs you that the CPU is running hot, what are you going to do, terminate the process? Reality is common sense applies, with many ways to reduce the operating temperature of a 15" MBP. Windows 10 or macOS I tend to take the minimalist approach, asking myself what benefit does a utility bring. With my primary focus being the applications that actively contribute to my workflow. For the most part you can get the same information from Task Manager & Activity Monitor greater load equals high temp the only concern being runaway process, the rest you likely need to get the job done. ![]()
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