Question: Discuss the optional methods that can be used for costing inventory (i.e. FIFO, LIFO, Average, Specific ID). Explain which inventory costing system you would use

Discuss the optional methods that can be used for costing inventory (i.e. FIFO, LIFO, Average, Specific ID). Explain which inventory costing system you would use and why. What inventory costing method do GM and Ford use?

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