Inventory Gremlins

by: Greg Miller

Publication Date: September 2, 2010
Length: 6 pages
Product ID#: 1-429-105

Core Disciplines: Accounting/Finance, Entrepreneurship & Innovation, Marketing/Sales

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Can you practice basic accounting principles through an interesting story? This case presents a budding entrepreneur, Amanda Gojko, who has started her own small business and needs to take physical inventory of her stock. Using LIFO and FIFO calculations, accounting students will learn about basic accounting principles as well as when and how to do compete write-downs.