Merchandising Operations" Please respond to the following:
Merchandising Operations" Please respond to the following:
Use the Internet to research the annual report for at least two (2) merchandising companies. Identify the method that is used to track inventory. Next, watch A. Mursau’s video:
http://www.youtube.com/watch?v=s9DQ7aAi-hs
Perpetual Inventory Accounting Vs Periodic Inventory Accounting (Basic Differences)
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.
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