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1. If you were starting up a business would you consider selling your inventory on consignment? Why or why not? 2. Why should there be

1. If you were starting up a business would you consider selling your inventory on consignment? Why or why not?

2. Why should there be different types of inventory cost formulas? Wouldnt it be easier if all companies followed the same method?

3. If inventory errors offset in future periods, would it still be necessary to adjust inventory if you know about the errors?

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