Discussion Chapter 6 Answer

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What is ‘Average days in inventory’?

Illustration 6-6 (Links to an external site.)

Illustration 6-7 (Links to an external site.)

Illustration 6-9 (Links to an external site.)

 

Chapter 6 (Inventory Costing: FIFO, LIFO & Weighted Average) (Links to an external site.)

Chapter 6 (Recording Inventory Transactions) (Links to an external site.)

Chapter 6 (Lower of Cost and Net Realizable Value) (Links to an external site.)

 

Applying Excel #6-1 (Links to an external site.)

Applying Excel #6-2 (Links to an external site.)

Please watch the above illustrations and then have two discussion posts, every week for each chapter. First, choose a question or a subject from ‘Glossary’ or ‘Questions’ sections at the end of each chapter. Then, elaborate on that matter within one paragraph. Second, choose one of your classmates’ posts and respond to that post by adding a further explanation within one paragraph.

 By this method, we will have a vital online class discussion forum that will satisfy our hybrid class requirements. You will receive 6 points for each chapter’s quality discussions, as part of your online discussion participation. Please, make sure to cite any outside sources where your information is coming from. Do not Copy/Paste from other websites, use your own word, and cite the source of the information if it is not from your coursebook!

Note: Saying “Good Job! I agree with you” is not a qualified discussion and you get no points. For a full point, you need to have two posts, one meaningful paragraph each. Weekly Discussions are closed at the end of each week.

Need help with your discussion preparation?

The matter that caught my attention is inventory. I learned that inventory is not just about purchasing

This question is taken from Accounting 101 – Financial Accounting » Spring 2022 » Discussion