23 Nov Accounting 6

accounting 6 ? Use the Internet to research the annual report of at least one (1) merchandising company. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) that is used to record inventory by your selected company. Identify the three (3) primary advantages and three (3) primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory. Provide support for your response. ? ? .Answer Preview.. On my research on a merchandising company, I found a supermarket by the name Trader Joe?s. This is one of the major supermarkets in the United States and has more than 400 stores that it operates under its brand name. In its annual financial report, it is noted that they are mostly suing the first in first out (FIFO) method of accounting. This is a method where a firm usually record the oldest items in the inventory.. APA 415 words ? Related Questions: You are the owner and CEO of group homes that serve those with mental impairments Accounting 350 Cost Accounting FASB Codification and Careers in Accounting Accounting 4 : Closing process Auditing in Government Organizations LIBRARY RESEARCH ASSIGNMENT