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Unit V(200 words no references needed) As in Unit III, assume you own a restaurant. Based on what you have learned in this unit, what inventory

Unit V(200 words no references needed)

As in Unit III, assume you own a restaurant. Based on what you have learned in this unit, what inventory costing method would you prefer, and why? 


Unit VI(200 words no references needed)

Describe how the bank reconciliation can be used as an internal control tool for cash. Should the same person who receives cash payments also prepare the bank reconciliation? Give at least one reason to support your answer. 

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