Course

ACCT 212 Financial Accounting

Week 5 Discussion Assignment: Inventory Management

Based on your readings of Chapter 6, discuss with examples the two methods of inventory control. Which method do you think is better for a retail store with several items of small value?

SOLUTION 

After reading Chapters 5 and 6, I think the following two examples would be the most useful for shops that sell little, valuable things in terms of inventory management. First and foremost, businesses must report inventory at the reduced net realizable value of that inventory when its value plummets below their original investment. The Net Realizable Value (NRV) is the estimated selling price of the inventory ……please click the icon below to purchase the solution at $5