three (3) primary inventory costing methods used by companies: LI
three (3) primary inventory costing methods used by companies: LI.
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.
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Amazon – Uses FIFO |
FedEx – Uses Weighted Average |
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three (3) primary inventory costing methods used by companies: LI
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