ACC 100 Week 6 Discussion | Assignment Help | Strayer University
- strayer university / ACC 100
- 05 Sep 2020
- Price: $8
- Other / Other
ACC 100 Week 6 Discussion | Assignment Help | Strayer University
Part 1: Post a Response
View this short introduction to the discussion.
Per the video summary, there are three (3) primary methods
used by companies to assign costs to inventory and cost of goods sold: LIFO, FIFO,
and Weighted Average. Each method assumes a particular pattern for how costs
flow through inventory, but this is not a guarantee of how the inventory will
actually flow. With each method comes a number of pros and cons that a company
must consider when implementing its inventory management strategy. Select a
company below to learn more about their chosen method. Then discuss the
benefits of the chosen method taking into consideration how that particular
method impacts the calculation of the inventory account, the cost of goods sold
account, and the financial statements for that company.
https://blackboard.strayer.edu/bbcswebdav/institution/ACC/100/1188_henryhand/target.png
Part 2: Respond to a Peer
Read a post by one of your peers and
respond, making sure to extend the conversation by asking questions, offering
rich ideas, or sharing personal connections.
USA 
India
