1. Your presentation should include at least four slides and last three to five minutes. Content must include:
   1. Background and introduction (one slide)
   2. An explanation of how inventory transactions are related to cost of goods sold and how the process for recording material costs normally works. Show a typical journal entry and T-accounts in your presentation (one slide).
   3. An explanation of the adjusting entry that was necessary due to the inventory count and how it would affect cost of goods sold and Parsis forecast. Show the adjusting journal entry that occurred and the T-accounts (one slide).
   4. A couple of suggestions for what changes could be made to avoid this forecasting error in the future (one slide)