Discussion
Resources
Read/review the following resources for this activity:
• Textbook: Chapter 8, 9
• File (PDF): Presentation - Chapter 8, 9 in the attachments
• Minimum of 1 resource for initial post
Introduction
Inventory refers to the assets a company intends to sell in the normal course of business, or is in production for future sale, or uses currently in the production of goods to be sold.
Initial Post Instructions
For your initial post, address the following:
• Identify four methods of assigning cost to ending inventory and cost of goods sold and briefly explain the difference in the methods.
• Explain the retail inventory method of estimating ending inventory.
Secondary Post Instructions
Respond to at least two classmates' posts. Do you agree or disagree with their position on when a particular method should be used? Why or why not? Provide a supporting example or a counterexample to support your argument.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.