BUS 591 Week 3 Discussion 2


Week 3 – Discussion 2

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Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.


Inventory Valuation   Methods


Identify the differences between   F.I.F.O., L.I.F.O., and the average-cost method of inventory   valuation.  Be sure to include the effects of each method on cost of   goods sold and net income in 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.


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