The total list price for in-state Connecticut residents to go to ECSU is $22,210 for the 2014/2015 academic year. Out-of-state students who don't possess Connecticut residence can expect a one year cost of $32,496.
What is 'Periodic Inventory' Periodic inventory is a method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals. This accounting method for inventory valuation only keeps track of the inventory at the beginning of a period, the purchases made and the sales during the same period and is recorded under the asset section of the balance sheet.
a. Companies using a periodic inventory system determine cost of goods sold only at the end of the accounting period. b. Companies using a periodic inventory system continuously update detailed records of the cost of each inventory purchase and sale. c. The availability of computerized accounting systems has made it much more difficult for companies to use a perpetual inventory system.