Question details

ACC 290 Week 4 DQ3 2
$ 15.00

The reason behind understanding value of inventory at a point in time is to accurately report what the value of the inventory (asset) is for a company.   If the asset of a company is worth less than what the market is willing to pay for it than the company will not make money on selling those goods.  Also, knowing the price the inventory was purchased at compared to what the market price is currently is important to state what amount of value dropped between those two points of time.  That difference in value could be a loss for the company if the price of that good does not rise before the goods are sold

Available solutions