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Inventory Costing Archives - SkillAbility

CPA staff accountants building a review-ready cost accounting model from direct material, labor, overhead, standard costs, variances, gross margin, contribution margin, and unit economics
28 Aug

Cost Accounting Training for Accountants: Teach Staff to Understand Margin, Overhead, and Unit Economics

Accounting Workforce Development

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 28, 2026  |  31-minute read TL;DR — The Short Answer Cost accounting training should teach staff to explain why a product, service, customer, location, or job earns—or loses—money, not merely assign overhead and report a gross-margin

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CPA staff accountants building a review-ready ASC 330 inventory accounting file by tracing ownership, cutoff, physical quantities, landed and manufacturing cost, shrinkage, lower-of-cost testing, obsolescence, reconciliation, cost of goods sold, and financial statement reporting
26 Aug

Inventory Accounting Training for Staff Accountants: Costing, Cutoff, Reconciliation, and Obsolescence

Accounting Workforce Development

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 26, 2026  |  38-minute read TL;DR — The Short Answer Inventory accounting training should teach staff to prove ownership, quantity, unit cost, cutoff, recoverability, and reconciliation—not simply accept the perpetual inventory report and book a year-end

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