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University of California Los Angeles Inventories Methods Discussion & Replies

Question Description

M06__ACTIVITY #3: Discussion Topic: “Inventories”

66 unread replies.66 replies.

Instructions:

  • In your own words describe the three different inventory methods: LIFO, FIFO & Weighted Average. Why would a company choose one method over the other to value their inventories?
  • In your own words describe the differences between a perpetual inventory system and a periodic inventory system. Which of these systems maintains tighter controls over inventories?
  • Discuss anything that you found particularly interesting, or particularly difficult to understand. This is important as this will help me to help you.
  • After you have replied, please respond to at least two of your classmates postings and further discuss this week’s discussion topic with each other.
  • Make sure your responses are meaningful and discuss what your classmates have shared and your thoughts on it. Avoid posting short responses like “I agree”.
  • If there is anything that your classmates are having trouble understanding and you can help, please do!

Evaluation:

Your introduction will be graded using the attached rubric.

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