Resources Read/review the following resources for this activity: 

Resources
Read/review the following resources for this activity:

• Textbook: Chapter 8, 9
• File (PDF): Presentation – Chapter 8, 9 in the attachments
• Minimum of 1 resource for initial post

Introduction
Inventory refers to the assets a company intends to sell in the normal course of business, or is in production for future sale, or uses currently in the production of goods to be sold.

Initial Post Instructions
For your initial post, address the following:

• Identify four methods of assigning cost to ending inventory and cost of goods sold and briefly explain the difference in the methods.
• Explain the retail inventory method of estimating ending inventory.

Secondary Post Instructions
Respond to at least two classmates’ posts. Do you agree or disagree with their position on when a particular method should be used? Why or why not? Provide a supporting example or a counterexample to support your argument.

Writing Requirements

• In addition to one initial post, respond to at least two peers.
• Initial Post Length: minimum of 250 words
• Secondary Post Length: minimum of 200 words per post
• Using APA format, incorporate appropriate in-text citation(s) referring to the academic concept with corresponding references page for the initial post.

Grading and Assessment
Meeting the minimum number of posting does not guarantee an A; you must present an in-depth discussion of high quality, integrate sources to support your assertions, and refer to peers’ comments in your secondary posts to build on concepts.

Course Learning Outcome(s): 2, 5
2.   Prepare financial statement using GAAP and/or IFRS.
5.   Understand and account for cash, receivables, inventories and operational assets.