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You own widgets r us and are preparing your year-end

Question - You own Widgets ‘R Us and are preparing your year-end financial statements.

What inventory system do you use and why? What are its advantages and disadvantages?

What activities should you perform to correctly account for your inventory at year-end?

Why is it important to track inventory? What does this information tell you about your business?

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Accounting Basics: You own widgets r us and are preparing your year-end

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Accounting Basics: You own widgets r us and are preparing your year-end

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