Question: Please help me with writing this using the current FASB Codification System. I have seen several using the ARB 43 but that is not the

Please help me with writing this using the current FASB Codification System. I have seen several using the ARB 43 but that is not the current standard. Please help due today!

Situation Fenimore Manufacturing Company uses the average cost method. It has followed a policy of expensing all its manufacturing cost variances. It is considering a change in its policy that will involve allocating them between cost of goods sold and inventory. Fenimore's president has asked you which of these alternative policies is consistent with GAAP. Directions Research the related generally accepted accounting principles and prepare a short memo to the president. Cite your references and applicable paragraph numbers

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