accounting see attachment week 5 discussion

week_5_discussion.docx

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In an attempt to sway the opinion of the business owner using the periodic system, prepare a convincing argument for switching to the perpetual system. Justify your position

Use the Internet to research the annual report for at least two (2) merchandising companies. Identify the method that is used to track inventory.

Using the 2 merchandising companies in the internet research above, 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.