Click here to watch the video Part 1: Post a Response Companies use three primary inventory costing methods: LIFO, FIFO, and weighted average. With each method comes a number of pros and cons that a company must consider when implementing its inventory management strategy. Select a company below and discuss the advantages associated with its chosen inventory costing method. Then, discuss the benefits of the chosen method taking into consideration how that particular method impacts the calculation of the inventory account, the cost of goods sold account, and the financial statements for that company. Part 2: Respond to a Peer Read a post by one of your peers and respond, making sure to extend the conversation by asking questions, offering rich ideas, or sharing personal connections. Reference Articles 0 LIFO: 2019 Target Annual Report [PDF]: scroll to Inventory and Cost of Sales, page 27. FIFO 2018 Amazon Annual Report [PDF] scroll to Inventories, page 20 Weighted Average: FedEx Corporation 2019 Annual Report [PDF] scroll to Spare Parts, Supplies, and Fuel, page 108. Reply Quote