Throughout this course, many discussion opportunities come up where you need to respond to other people's opinions and comments. Address the Discussion topic after you have completed your reading.

Methods of Estimating Inventories

The two methods of estimating inventories are the gross profit method and the retail inventory method.

Research and explain how companies use these methods to estimate inventories.

Research and provide a couple of companies that use the gross profit method and the retail method, and explain if they have benefited from higher or lower net income.