How is accounting for inventory is related to your future career. For example, if you plan to open and manage a small boutique discuss how you should...

How is accounting for inventory is related to your future career. For example, if you plan to open and manage a small boutique discuss how you should account for the inventory in the store. As part of that discussion, discuss what method of inventory valuation (FIFO, LIFO, etc) would be most appropriate based on your example. How would you use this inventory valuation information to make financial decisions for your company?