What inventory costing method would you prefer

Assignment Help Accounting Basics

Reference no: EM131963784

Question: Assume you own a restaurant. What inventory costing method would you prefer, and why? Also, include a discussion as to whether the costing method you would use for your accounting records would follow the actual flow of your inventory.

NOTE: Keep in mind the choice of inventory COSTING method is an accounting decision, not an inventory MANAGEMENT decision. The accountant has no knowledge of the specific unit sold - only the date of purchase, the number of units purchased, and the cost per unit.

Reference no: EM131963784

Questions Cloud

Justify prevention strategy and proposed programs : Justify your prevention strategy and proposed programs in a brief report (2-3 pages) that you must submit to the City Council

Administrative action against fraudulent tax filing : Based on this interval, what is the town officials' decision regarding administrative action against fraudulent tax filing?

Where are you right now in your career : Reflect on your career: Where are you right now in your career? Where do you want to be? What are your goals and objectives?

Compute the value of the test statistic : a. At 5% should the null be rejected? b. Compute the value of the test statistic c. What is the P-value?

What inventory costing method would you prefer : Assume you own a restaurant. What inventory costing method would you prefer, and why? Also, include a discussion as to whether the costing method.

Find the 60th percentile : A bank's loan officer rates applicants for credit the rating are normally distributed with a mean f 200 and a standard deviation of 50 find the 60th percentile

What salary represents the 15th percentile : What salary represents the 15th percentile? You MUST show what went into the calculator and then your final answer.

Design a web scraping program by python to collect : Design a web scraping program by Python to collect weather forecast report data of a city from a website.

Describe the costs associated with software quality work : Describe the costs associated with software quality work? What practices should software engineers follow to enhance quality of software produced by their team?

User Account

All Pages