ACC 100 Week 6 Discussion 1 | Assignment Help | Strayer University
- strayer university / ACC 100
- 20 Nov 2020
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ACC 100 Week 6 Discussion 1 | Assignment Help | Strayer University
Week 6 Discussion
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.
|
Target - Uses LIFO |
Amazon - Uses FIFO |
FedEx - Uses
Weighted Average |
https://blackboard.strayer.edu/bbcswebdav/institution/ACC/100/1188_henryhand/target.png
https://blackboard.strayer.edu/bbcswebdav/institution/ACC/100/1188_henryhand/amazon.png
https://blackboard.strayer.edu/bbcswebdav/institution/ACC/100/1188_henryhand/fedex.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
