Debate 8-1 LIFO versus FIFO MVP Corp uses LIFO to value its inventory. The 2038 inventory records disclose the following: Beginning Inventory Units...

I need help answering the following question base on the attached information.Question: Given the financial statement effects of the decision to purchase in 20X8, argue against the use of LIFO and in favor of FIFO. Base your arguments on the conceptual framework, for example, representational faithfulness, and neutrality. Use the matching concept in your argument.