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Judy Gent—Inventory Case Solution & Answer

This Case is about financial reporting, inventory, FIFO, LIFO, cost flow, disclosure, write-down, annual report
Publication Date: 09/10/2014

Judy Gent—Inventory Case Solution

This case is used in the stock module of the Financial Reporting class elective at the Darden School of Business, but it wouldalso work well at the advanced undergraduate level.

Through five stages, students first become acquainted with notions and center language before analyzing various situations— ranging from making the annual report’s note, to neutralizing the benefits as well as the disadvantages of utilizing LIFO as compared to FIFO’s cost flow assumption in analyzing inventory and misreported inventory write downs.

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