This project aims to analyze J&J Company's inventory valuation methods and identify potential areas for improvement.
Scope:
Review J&J's current inventory costing method (FIFO, LIFO, Average Cost, etc.)
Analyze historical inventory data and cost fluctuations.
Compare the impact of different inventory valuation methods on J&J's financial statements (income statement and balance sheet).
Evaluate the potential benefits and drawbacks of adopting a different inventory valuation method.
