ACCT212 Inventory Management Discussions

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ACCT212 Inventory Management Discussions
In this post, you’ll discuss the three primary methods of assessing ending inventory value…

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ACCT212 Inventory Management Discussions

ACCT212 Inventory Management Discussions

Week 4 All Students Posts – 63 Pages 

Students are encouraged to use online collaboration tools to create a submission 2-4 minutes in length, discussing the three primary methods of assessing ending inventory value, what each method represents and how the method chosen can affect cost of goods sold and gross margin.

In this post, you’ll discuss the three primary methods of assessing ending inventory value, and what each method means to the business.

Inventory Management focuses on the processing of inventory as it is moved through purchasing and selling inventory in a business, please see this Cost of Goods Sold video that focuses on this process. Remember the Cost of goods sold or as we accountants say COGS for short, are the costs incurred to ready the product or service for a customer or client! 

There are 3 primary methods that businesses use to calculate the cost of production through COGS and Ending Inventory on hand…In this post, you’ll discuss the three primary methods of assessing ending inventory value, and what each method means to the business…