Explain how cole hardware use technology to manage inventory

Assignment Help Accounting Basics

Reference no: EM131383256

Discussion 1

• Watch BNET Video's video titled "Modernizing Inventory Management" on modernizing inventories as used by Cole Hardware:

• https://www.youtube.com/watch?v=1d0O8MAMyAM&feature=youtu.be

• Explain how Cole Hardware used technology to manage inventory and identify at least two benefits of the use of this technology by the company.

Discussion 2:

• Use the Internet to research the annual report of at least one merchandising company. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) that is used to record inventory by your selected company.

• Identify the three primary advantages and three primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory.

• Provide support for your response.

Reference no: EM131383256

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