You own Widgets ‘R Us and are preparing your year-end financial statements.

1.What inventory system do you use and why? What are its advantages and disadvantages?
2.What activities should you perform to correctly account for your inventory at year-end?
3.Why is it important to track inventory? What does this information tell you about your business

Answer rating: 100% (QA)

1 The selection of inventory system depends upon the size of the organiza... View the full answer