AC 216 HUO Inventory Management And Accounting Exercises
Description

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Part 1
This assignment will help you identify and determine which items based on timing and ownership should be included in the inventory.
Follow the instructions found in the template
Part 2
This assignment will help understand the impact of depreciating inventory values and how to account for reducing the value of inventory using the Lower of Cost or Market Method (LCOM)( Net Realizable Value).
Follow the instructions found in the template
Part 3
- This assignment will help understand the impact of different inventory methods on the income statement and balance sheet.
Follow the instructions found in the template
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