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Iventory in merchandising business refers to products that the company purchases and resells. If you have an opportunity to open a nerchandising business that purchases
Iventory in merchandising business refers to products that the company purchases and resells. If you have an opportunity to open a nerchandising business that purchases and resells finished goods inventory, what type of products would you sell? For the products you are selling, what inventory cost flow assumption (FIFO, LIFO, Weighted-Average, or Specific Identification methods) will you use? Why is that? Posting Requirements ( 20 pts.) 1. Make sure to answer (1) YOUR business products, (2) YOUR choice of cost flow assumption, and (3) YOUR reasoning for cost flow assumption you chose. Do NOT use the examples mentioned in the lecture video. If you use groceries or cars as your examples, you will automatically receive ZERO. Do NOT repeat the definition or terms from the lecture video. You MUST share your thoughts with YOUR OWN words. 2. Your responses MUST be in complete sentences and MUST meet 100-150 word limit if typed or MUST be at least 1 minute-long if a podcast is submitted
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