(Answered) Discussion accounting for inventoriesplease respond to the

Accounting

DISCUSSION: "Accounting for Inventories"

Please respond to the following:

• As a Financial Accountant, determine the best type of income statement a retailer should use. Defend your suggestion.

• Analyze inventory valuation methods discussed in the textbook. Based on your analysis, recommend the most accurate valuation method that reflects current economic conditions. Provide a rationale for your recommendation.

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