Microsoft Corporation, a global leader in technology, underwent a dynamic production cycle in the fiscal year ending December 31, 2023. With meticulous inventory management being paramount, explore the nuances of their inventory practices:

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   • Examine the cost flow assumptions employed by Microsoft, including FIFO, LIFO, and weighted average methods, in valuing their ending inventory.
   • Delve into the impact of inventory management decisions on Microsoft's financial statements, elucidating the effects on cost of goods sold, gross profit, and net income.
   • Explore the implications of Microsoft's inventory turnover ratio and days sales of inventory on their operational efficiency and liquidity position.