* Indicates a required field. FORUM DESCRIPTION This week, we start learning about how company's account for inventory. For each of the following inventory valuation methods, provide an example of an item that would use a specific inventory method and why. - Specific identification - Matches each unit of inventory with its actual cost - First-in, first-out (FIFO) - Assumes first units purchased are first ones sold - Last-in, first-out (LIFO) - Assumes last units purchased are first ones sold - Weighted-average cost - Assumes each unit of inventory has a cost equal to the weightedaverage unit cost of all inventory items. Your initial post is due on Wednesday, October 19 and your response to another student is due on Friday, October 21 at 11 pm. MESSAGE + Subject Message For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Click Save Draft to save a draft of this message. Click Submit to submit the post. Click Cancel to quit