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Assume that you owned a cattle ranch and had 1,000 head of cattle on your ranch with limited space. The cattle move around constantly like any animal. Your job is to take a monthly inventory of the cattle including the count and the value of each head of cattle. We need a total dollar value of our herd of cattle. How would you accomplish this monthly? What would be your inventory procedures? You can bullet point your procedure for count and value-answer does not have to be a very long answer but well thought out.

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Accounting Basics, Accounting

Category:- Accounting Basics
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