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Fast Writers > Solved Questions > ACC100 Discussion Question

ACC100 Discussion Question

access_timeAugust 22, 2020
perm_identity Posted by Alex Tutor
folder_open Solved Questions

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

TargetAmazonFedEx

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