In your own words, explain the difference between the inventory of a merchandising and manufacturing company and the reasons for it. Then, describe the types of inventory (i.e., raw materials, etc.) the fictional company (Amazon) has. Which inventory method, periodic or perpetual, do you recommend for your company? Explain why you’ve chosen it. In your own words, also explain the pros and cons of each type when explaining your choice. Once you’ve chosen your preferred inventory system, prepare 5 original example journal entries for it.

Answer rating: 100% (QA)

The main difference between manufacturing inventory and merchandise inventory has already completed the manufacturing process before reaching the merchant or retailer whereas manufacturing inventory r... View the full answer