ACC 205 WEEK 3 DISCUSSION 2.docx - WEEK 3 DISCUSSION 2...

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WEEK 3 DISCUSSION 2 Explain the four merchandise inventory methods and provide an example for each The four methods used to determine inventory cost are: (FIFO) first-in, first-out. (LIFO) last-in, first-out and weighted average cost each of this determine the flow of the inventory cost in a company and is used to figure the amount of goods sold that provide the ending period inventory results. This provides a particular cost for the inventory it tracks each one of the products of the inventory as well of the cost and it will figure the inventory item out of stock. Purchase: Date: Quantity

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