Intermediate accounting 16e by kieso slide ch08

...PREVIEW OF CHAPTER Intermediate Accounting 16th Edition Kieso ● Weygandt ● Warfield 8-2 Valuation of Inventories: A Cost-Basis Approach... properly report inventory quantities in their annual accounting reports LO WHAT DO THE NUMBERS MEAN? LEAN WHAT’S YOURSTAYING PRINCIPLE When you drop by a Walmart store, you are witnessing one of history’s... INVENTORY ISSUES Inventory Control All companies need periodic verification of the inventory records  by actual count, weight, or measurement,  with counts compared with detailed inventory records