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Good Questions
Lesson Objectives
Understanding inventory valuation methods.
Realizing inventory valuation impact on financial statements.
Deciding the most appropriate inventory valuation method.
Questions to be included in the class participation discussion.
1. What is the difference between LIFO and FIFO? (Understanding)
2. How does each valuation method impact the financial statements? (Applying)
2. Why does the Coca Cola company value inventory differently than Anadarko? (Analyzing)
3. Which inventory valuation method should HEB use and why? (Evaluating)
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