Confidence votes 169. Invictus, meaning unconquerable or undefeated in Latin, is a poem by William Ernest Henley. The poem was written while Henley was in the hospital being treated for tuberculosis of the bone, also known as Pott's disease.
separate your inventory cost from the total price on your inventory invoice the inventory cost includes the costs for the items you purchased without consideration of taxes shipping or delivery your inventory cost is also referred to as the list price determine the sales tax you paid for the inventory in general the sales tax is listed at the bottom of your invoice debit your inventory account with the amount of your inventory cost entering the amount as a debit or negative figure results in an increase to the book value of your inventory
When using the periodic method of inventory, Cost of Goods Sold is calculated using the following equation: Beginning Inventory + Inventory Purchases â End Inventory = Cost of Goods Sold. This equation makes perfect sense when you look at it piece by piece. The periodic method of inventory involves doing an inventory count at the end of each period, then mathematically calculating Cost of Goods Sold. 2  FIFO (first-in, first-out) is the assumption that the oldest units of inventory are sold before the newer units.