Inventory Methods With several different inventory valuation methods available, (1) select a type of business and recommend an inventory method that...

Inventory Methods

With several different inventory valuation methods available,

(1) select a type of business and recommend an inventory method that the business should use.

(2) Explain your selection.  

(3) Also, in your response provide at least one example of an accounting transaction and include a detailed explanation of the transaction referring to debits and credits.