MUST HAVE LISTED BOOK Edmonds, T. P., Edmonds, C., McNair,F. M., & Olds, P. R. Fundamental Financial

MUST HAVE LISTED BOOK Edmonds, T. P., Edmonds, C., McNair,F. M., & Olds, P. R. Fundamental Financial Accounting Concepts (9th edition). New York, NY: Mcgraw Hill Higher Education.ISBN: 9781259296802Part 1You own Widgets ‘R Us and are preparing your year-end financial statements: What inventory accounting method do you use and why (FIFO, LIFO, or Weighted-Average)? What are its advantages and disadvantages? You own Widgets ‘R Us and are preparing your year-end financial statements: What activities should you perform to correctly account for your inventory at year-end? You own Widgets ‘R Us and are preparing your year-end financial statements: Why is it important to track inventory? What does this information tell you about your business?Part 2Exercise 5-1A Exercise 5-2A Exercise 5-3A Exercise 5-4A Exercise 5-5A