Zulma_3144_Tarea 2.1_ACCO 3150

Zulma_3144_Tarea 2.1_ACCO 3150

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National College University Recinto online Programa de Administración de Empresas con Contabilidad ACCO 3150 Inventarios Prof. Rafael Navarro Pizarro Zulma Horta Gutiérrez Núm. de estudiante: 1404023144 7 de septiembre de 2016
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(a) (b)
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(c) 2. I can conclude that the effects of the inventory cost flow assumptions on the financial statements will affect the amount of current assets and gross profit income statement, especially when prices are changing.
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(a) (b)
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(c) 2. The amounts of cost of goods sold and ending inventory are different for the other three methods because the company can determine those two directly from the accounts without having to account for inventory.
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