1. BUS 591 Week 3 DQ 2 Inventory Valuation Methods
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methods
week 3 discussion 2
Identify the differences between F.I.F.O., L.I.F.O., and theaverage-costmethodof
inventory valuation. Be sure to include the effects of each method oncost of
goods soldandnet incomein your answer. Also discuss the differences between the
physical movement of goods and cost flow assumptions. Your answer should
illustrate understanding of the three major inventory valuation methods, and the
relationship between physical inventory flow and cost flow assumptions. Respond
to at least two of your classmates’ posts.