Merchandising companies need to have inventory available to sell to the consumer, creating a need to identify how

Merchandising companies need to have inventory available to sell to the consumer, creating a need to identify how

to account for the purchase and sales of the inventory. In addition, there are costs associated with having inventory. You have been asked to propose an inventory system to handle the accounting for the purchasing and selling of merchandise. The company needs to also understand how to handle the accounting for the costs of inventory.