- inventory control system
- inventory system
Assume you work for a company that manufactures and sells lemonade and the cost of the lemons your company uses has been going up month after month.
Describe the outcome differences between using LIFO versus FIFO cost flow assumptions and between using a Perpetual Inventory System and a Periodic Inventory System.
What happens if the lemons go bad before they are used and costed out? Is the cost of this loss added into the cost of goods or is it tracked in a separate place?
Describe the outcome differences between using LIFO versus FIFO cost flow assumptions and between using a Perpetual Inventory System and a Periodic Inventory System.
What happens if the lemons go bad before they are used and costed out? Is the cost of this loss added into the cost of goods or is it tracked in a separate place?
What happens if the lemons go bad before they are used and costed out? More info in additional details.?
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