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Accountants are fond of saying, Inventory is like money that is not sitting in the bank. As described in this course, a business that sells

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Accountants are fond of saying, "Inventory is like money that is not sitting in the bank." As described in this course, a business that sells inventory can use one of four (4) methods to account for the inventory--First-In, First-Out (FIFO), Last-In, First-Out (LIFO), Specific Identification or Moving Average. Select a business of your choice and discuss what method of inventory would be most suitable for their product. Consider businesses in industries such as airline companies, automobile manufacturing, fine jewelry, furniture, grocery, health care and pharmaceutical or any other industry that interests you In your first post, include: Type of inventory/product sold. Inventory accounting method you feel is most suitable for this inventory/product and why you made this choice. Provide specific examples and details from your course readings to support your answer. Name of the business you selected. Review the posts of your student

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