Question Description

Help me study for my Accounting class. I’m stuck and don’t understand.

Part 1: Post a Response

View this short introduction to the discussion.

Click here to watch the video

Per the video summary, there are three (3) primary inventory costing methods used by companies: LIFO, FIFO, and Weighted Average. With each method comes a number of pros and cons that a company must consider when implementing its inventory management strategy. Select a company below and discuss the advantages associated with its chosen inventory costing method.

Target – Uses LIFOAmazon – Uses FIFOFedEx – Uses Weighted Average

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