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?

Question

06-11-2022
Business

Answered

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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?

Sagot :

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