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After completing this week, you should be able to: 1. compute Inventory using various valuation methods; and 2. record Inventory purchase and sales events. Question
After completing this week, you should be able to: 1. compute Inventory using various valuation methods; and 2. record Inventory purchase and sales events. Question 1 - After reading the learning resources for this week, please explain what did you learn in relationship to each of the above outcome? (Please answer in your own words. Do not cut and paste. Number each point based on the outcome above.) In Week 3 Learning Resources you will discover accounting for merchandising enterprise, financial reporting for a merchandising enterprise, and inventory valuation methods. Click the Wiley Plus links below to access Chapter 5. Accounting for Merchandising Operations (Perpetual Approach) and Chapter 5A. Accounting for Merchandising Operations (Periodic Approach) and then Chapter 6. Inventories (Periodic Approach) and Chapter 6A. Inventories (Perpetual Approach). After completing this week, you should be able to: 1. compute Inventory using various valuation methods; and 2. record Inventory purchase and sales events. Question 1 - After reading the learning resources for this week, please explain what did you learn in relationship to each of the above outcome? (Please answer in your own words. Do not cut and paste. Number each point based on the outcome above.) In Week 3 Learning Resources you will discover accounting for merchandising enterprise, financial reporting for a merchandising enterprise, and inventory valuation methods. Click the Wiley Plus links below to access Chapter 5. Accounting for Merchandising Operations (Perpetual Approach) and Chapter 5A. Accounting for Merchandising Operations (Periodic Approach) and then Chapter 6. Inventories (Periodic Approach) and Chapter 6A. Inventories (Perpetual Approach)
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