Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Inventory in merchandising business refers to products that the company purchases and resells. If you have an opportunity to open a
merchandising business that purchases and resells finished goods inventory, what type of products would you sell? For the products
you are selling, what inventory cost flow assumption (FIFO, LIFO, Weighted-Average, or Specific Identification methods) will you
use? Why is that?