You must reconcile the inventory account for Company A. You note that the general ledger balance does not equal the company sub-ledgers. Explain how you would try to reconcile the account using lower of cost or market, first-in-first-out concepts. What financial ratios would you use to determine if the inventory is being managed effectively? How would your findings affect the cash account?
https://zactutor.com/wp-content/uploads/2021/03/logo-300x75.png 0 0 developer https://zactutor.com/wp-content/uploads/2021/03/logo-300x75.png developer2022-09-12 06:44:052022-09-12 06:44:05You must reconcile the inventory account for Company A. You note that the general ledger balance doe