Title: Examine strategies for tracking, reporting, and managing inventory.
Course: Operating the Farm Business (18301-III) > Section: Developing and Analyzing Agricultural Production Records

Examination may include

- spreadsheets
- databases
- inventory software.

Process/Skill Questions:

- Why is it important for an agricultural business to manage inventory?
- What are the differences between first-in, first-out (FIFO) and last-in, first-out (LIFO) accounting?