Determine the cost flow assumption you plan to employ

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Reference no: EM131295453

You own two auto repair shop franchises and now have the opportunity to expand your ownership to include two more shops. Keeping track of all the inventory has been a challenge for you. Now that you are going to expand the business to include four shops, it’s imperative that you make decisions about how to account for your inventory. First, determine which type of inventory system you will to use—the perpetual system or the periodic system. Share your choice and the reasons for it. Next, determine the cost flow assumption you plan to employ. Share your analysis and the rationale you used to arrive at your decision. Also, consider "why" inventory would be important to this business.

Reference no: EM131295453

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