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Rating: 10 star
Date: 07/02/2016
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Project Details
Project Status: completed
This work has been completed by:
protutor Total payment made for this project was: $ 25.00
Project Summary: Part 1
1.You own Widgets R Us and are preparing your year-end financial statements: What inventory accounting method do you use and why (FIFO, LIFO, or Weighted-Average)? What are its advantages and disadvantages?
2.You own Widgets R Us and are preparing your year-end financial statements: What activities should you perform to correctly account for your inventory at year-end?
3.You own Widgets R Us and are preparing your year-end financial statements: Why is it important to track inventory? What does this information tell you about your business?