The inventory records of Martin Corporation reflected the following information for the month of August: Required:
A.Determine the amount of the ending inventory and cost of goods sold under each of the following methods assuming the periodic inventory system.
B.Why would cash flow considerations relate to the choice of an inventory method?

Question

The inventory records of Martin Corporation reflected the following information for the month of August:  Required: 
A.Determine the amount of the ending inventory and cost of goods sold under each of the following methods assuming the periodic inventory system.  
B.Why would cash flow considerations relate to the choice of an inventory method?

Quizplus · Accepted Answer

The Answer of The inventory records of Martin Corporation reflected the following information for the month of August:  Required: 
A.Determine the amount of the ending inventory and cost of goods sold under each of the following methods assuming the periodic inventory system.  
B.Why would cash flow considerations relate to the choice of an inventory method?

The Inventory Records of Martin Corporation Reflected the Following Information