answers do not have to be in depth . thank you in advance !!!

STAY SAFE

2 1. What are the costs included in Inventory purchases? 2. What are the costs included in Inventory manufacturing? 3. What is the cost of goods sold equation? 4. Why is the choice of the inventory costing method important ? Compare FIFO VS LIFO (it's pros and cons and impact on financial statements) 5. What is involved in the internal control of Inventory? 6. What is the inventory turnover ratio and what does it measure? 2 1. What are the costs included in Inventory purchases ? 2. What are the costs included in Inventory manufacturing? 3. What is the cost of goods sold equation? 4. Why is the choice of the inventory costing method important ? Compare FIFO vs LIFO. (It's pros and cons and impact on financial statements) 5. What is involved in the internal control of Inventory? 6. What is the inventory turnover ratio and what does it measure