Explain the Reason for Any Difference in the Ending Inventory
The lower-of-cost-or-market rule requires a company to ________. Explain the reason of difference in net operating income if any under two approaches. Methods Of Estimating Inventory Accountingcoach A discrepancy in inventory stock is when the actualstock in a warehouse of a retail store does not match the recorded inventory stock count. . And it keeps track of the cost of goods purchased and sold. Your choice can lead to drastic differences in the cost of goods sold net income and ending inventory. Explain the difference in ending inventory values Answered. Ending inventory Beginning Inventory Monthly Sales12-Month Average Monthly Sales Profit12-Month Average Profit. Try Sortly Free for Two Weeks. These drive up costs. You Need Something to Work. Inventory may arrive at the receiving dock during a physical count so you include it in the count. However usually only very very few parts in your inventory are...