Business, 18.01.2020 02:31, danielmurillo28

The following is an excerpt from a conversation between evan eberhard, the warehouse manager for greenbriar wholesale co., and its accountant, marty hayes. greenbriar operates a large regional warehouse that supplies produce and other grocery products to grocery stores in smaller communities. evan: marty, can you explain what’s going on her with these monthly statements? marty: sure, evan. how can i you? evan: i don’t understand this last-in, first-out inventory procedure. it just doesn’t make sense. marty: well what it means is that we assume that the last goods receive are the first ones sold. so the inventory is made up of the items we purchase first. evan: yes, but that’s my problem. it doesn’t work that way! we always distribute the oldest produce first some of that procedure is perishable! we can’t keep any of it very long or it’ll spoil. marty: evan, you don’t understand. we only assume that the products we distribute are the last one received. we don’t actually have to distribute the goods in this way. evan: i always thought that accounting was supposed to show what really happened. it all sounds like "make believe" to me! why not report what really happens? respond to evans concern.

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The following is an excerpt from a conversation between evan eberhard, the warehouse manager for gre...