***NO Min word count, does not need to be in APA Format***
In a period of increasing
prices, why would the company tax accountant prefer the last in, first out
method while the CEO would prefer first in, first out? Why is this important?
What are the key internal
controls that should be in place to protect inventory for a merchandiser that
sells highly-desirable and expensive inventory such as jewelry? Would this be
different if the business had a less-desirable and less-expensive inventory?