- Introduce yourself to your peers by sharing something unique about your background. Explain how...
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Accounting
- Introduce yourself to your peers by sharing something unique about your background. Explain how you expect this course will help you move forward in your current or future career. - The valuation of inventory follows a consistent application of FIFO, LIFO, or weighted average methods. Manufacturing, merchandising, and retail companies use different valuation methods based on the products they are selling. - To complete this week's discussion, refer to sections 7.1 through 7.3 of your readings in the course text to view the examples of inventory valuation. Then, use the Internet to locate a publicly traded company that uses either FIFO, LIFO, or weighted average and respond to the following: - Explain why the method is appropriate for the company you selected. - Explain the significant accounting policies and practices that will be used with your selected company's inventory valuation method. Be sure to respond to at least one of your classmates' posts
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