Hello,
I am currently studying for part 2 using the Becker review course. Their study material says you can use either ending inventory or average inventory in the numerator, but that average inventory is more accurate. In the multiple choice questions, they have an answer that uses ending and an answer that uses average, and the correct solution uses ending. If either is correct, why have both as an option? Does anyone know if the exam has both methods of calculating as an option, and if so, which do they prefer that you use?
Thanks,
Ivee Maughan