Question Description

***NO Min word count, does not need to be in APA Format***

DQ #1

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In a period of increasingprices, why would the company tax accountant prefer the last in, first outmethod while the CEO would prefer first in, first out? Why is this important?

DQ#2

What are the key internalcontrols that should be in place to protect inventory for a merchandiser thatsells highly-desirable and expensive inventory such as jewelry? Would this bedifferent if the business had a less-desirable and less-expensive inventory?

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