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Two of the inventory costing methods learned this chapter aro FIFO (first in first out)...

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Accounting

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Two of the inventory costing methods learned this chapter aro FIFO (first in first out) and UFO (last-in, first out) These costing methods assume the flow of inventory for eaccounting purposes - they do not necessarly match the flow of a company's inventory exactly We also briefly discussed the importance of managing inventory to ensure that a company has a proper amount of inventory on hand 1 Why would it be difficult for a company like Walmart to track its exact flow of inventory for accounting purposes? 2 Why is it bad for a company to have too much inventory on hand? Why is it also bad for a company to have too little inventory on hand? Submission Reminders Reply to this post by answering the questions in at least 3 full sentences using proper spelling and grammar Gile any outside sources if you choose to use them. Then reply to at least one of your classmates by adding to their post (agroot disagree and why) or asking a lodowup

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