ACCT 212 Inventory Management Discussions Week 4

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ACCT 212 Inventory Management Discussions Week 4
Let’s start our discussion with some basic inventory questions. How is in…

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ACCT 212 Inventory Management Discussions Week 4

ACCT 212 Inventory Management Discussions Week 4

All Students Posts 27 Pages

Let’s start our discussion with some basic inventory questions. How is inventory valued? Which inventory valuation method is most popular and why? What impact on the financial reports can the selection of an inventory valuation method have?

I can assure you that WalMart is not the only company out there which has publicly disclosed financial statements. How about looking at another company? A review of the balance sheet of a retailer, such as Wal-Mart, will disclose that in current assets the majority investment is in inventory. With manufacturers, such as Ford, the inventory is spread between three different categories….