Question: Identify inventory systems and inventory cost flow methods. LO1, 5 Suggest the most appropriate inventory system and inventory cost flow method for each of the

Identify inventory systems and inventory cost flow methods.

LO1, 5

Suggest the most appropriate inventory system and inventory cost flow method for each of the following businesses and products:

  1. Textbook sales in the co-op bookshop.
  2. Petrol sales in the local petrol station.
  3. Antique mirror sales in an antique furniture shop.
  4. Bottled juice in a fruit bar.
  5. Necklace sales in a jewellery shop.

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