Larry Walther, Ph.D., CPA, CMA, is the EY Professor of Accounting and Senior Associate Dean of the Jon M. Huntsman School of Business at Utah State University. Dr. Walther has authored numerous books and articles on accounting, and he has served as director and/or consultant to a number of public and
This exercise book is the fourth of four exercise books that correspond directly with the Current Assets textbook. The exercises relate specifically to Part 4 of the Current Assets textbook. Students will work exercises related to Inventory. Exercises cover inventory costing methods, such as, FIFO, LIFO, weighted-average, periodic versus perpetual inventory systems, inventory journal entries, lower of cost or market, inventory estimation techniques, inventory management, and inventory errors.