strayer acc100 week 3 discussions 1 and 2
Question # 00037873
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Updated on: 12/20/2014 01:23 AM Due on: 12/24/2014
week 3
"Merchandising Operations" Please respond to the following:
- Imagine you have been hired as a consultant to a merchandising company using the periodic system versus the perpetual system. Prepare a list of advantages and disadvantages for both systems. In an attempt to sway the opinion of the business owner using the periodic system, prepare a convincing argument for switching to the perpetual system. Justify your position.
- *From the first e-Activity, identify the inventory tracking method that is used to record the cost of goods sold and ending inventory. Suggest the key risks inherent in recording inventory in using both methods. Provide a rationale for your response.
week 3 diss 2
"Inventory Costing Methods" Please respond to the following:
- Identify at least three (3) risks and three (3) benefits of using the perpetual inventory management system. Discuss the main types of inventory errors that could occur using the perpetual inventory system, and the major impact to the balance sheet and income statement. Provide specific examples.
- *From the second e-Activity, identify the primary benefits in using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory. Explain at least three (3) reasons that would lead each of your chosen companies to switch to a different costing method.
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Solution: strayer acc100 week 3 discussions 1 and 2