Please help me.  Thankyou.

You have been hired by Johnson and Johnson Corp. this year. Your supervisor approaches you and need you recommendation on the inventory valuation assumption you will recommend for the company to use instead to using Specific Identification method. Instruction: Identify each of the cost flow assumptions that company can use.       Explain the advantages and disadvantages of using each of them.       Each one will you recommend and Why?       What are the characteristics of a Just-in-time inventory system?         Explain some advantages and risks of Just-in-time inventory system.

Select all that apply Determine which of the following statements are correct regarding the difference between physical flow and the cost flow of inventory (Check all that apply.) A business may adopt any cost flow assumption when accounting for perishable items. ↓ Perishable items usually have an actual physical flow of FIFO. Perishable items have an actual physical flow of LIFO Cost flow is an assumption about which goods/items are sold. Physical flow refers to the actual movement of goods.

Suppose I have two items in my inventory and I use FIFO to value it. I start to buy a new item and use LIFO. Is this considered a change in accounting principle if I use two different methods? Please explain.

If the company had purchased all its materials from the online marketplace, describe what inventory cost would be shown for all materials on hand based on the average transaction price. Explain if the inventory cost value is higher or lower than the value of all materials if using their standard price. If the company can freely choose the lower of the standard price or the average price in the online marketplace, explain what the lowest possible inventory cost of all materials on hand is. Identify whether there is a particular marketplace vendor who always sells at a price lower than the standard price cost of all materials on hand.

Please provide a problem solution and answers to A, B, and C.

Make assumptions about amounts for beginning inventory, net purchases, and ending inventory. Then use the pick lists (accessed by clicking in the boxed areas within the Calculation of Cost of Goods Sold section) to select the correct amounts for goods available for sale and cost of goods sold. Correct selections turn applicable boxes green. Enter an amount for beginning inventory >>>> Enter an amount for net purchases >>>> Enter an amount for ending inventory >>>> Beginning inventory Plus: Net purchases Goods available for sale Less: Ending inventory Cost of goods sold Calculation of Cost of Goods Sold 0 0 0 0 0 0 0 0

Could you show the journal entry he will need to make in order to write down the ending inventory from cost to market?

Please answer fast and correct in detail