1) Where does Rue 21 sell its inventory? Retail or wholesale? In limited locations or throughout the world. Are there specific states or countries?
2) What type of items does Rue 21 have in inventory? List at least ten products.
3) How does the company Rue 21 keep track of their inventory? Periodic or perpetual? LIFO, FIFO, specific identification, or average cost? You may need to dig deep to find this information, but keep looking until you find the information. Start with the company annual report or the 10-K located on its web site. It is out there! In your response you will do more than answer ‘Perpetual, LIFO’. Give details.
4) Would Rue 21 ever have outdated inventory? What would Rue 21 do with outdated inventory? What would be some ways the company could keep the inventory current and fresh?