Chapter 5: The purpose of the discussion questions (DQs) is to allow you as the Learner to demonstrate your understanding of the chapter's key learning points and how you might apply them in given situation.

1. In a period of rising inventory costs, which cost-flow assumption would produce the highest net income? Why?
2. Under which of the inventory methods, periodic or perpetual, would a company be better equipped to detect inventory shrinkage? Why?

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