P-M-I CHART Instructions: Read and analyze the scenario below. Write your answers in the spaces provided. In the Interesting box, write down how each costing method would contribute to achieving the main objective of Expedia Industries. In the My Decision box, write down your recommendation about the most effective costing approach to resolve the problem in the given scenario using one (1) between the two (2) costing methods being compared. Scenario: Expedia Industries Expedia Industries is the largest supplier and manufacturer of modern women's clothing in the United States. The company's main objective is to establish a costing procedure that will monitor the inflow and outflow of their raw materials relative to their production of clothes. The company's board members have separate views on employing the FIFO costing method or the Moving Average costing method. According to most of them, their principal raw material, cotton, does not even have an expiration date, and any of the most commonly used costing methods can be useful in managing their inventories. Response 1: FIFO (First in, first out) Plus(Advantages): Minus (Disadvantages): Interesting: Response 2: Moving Average Plus (Advantages) : Minus (Disadvantages): Interesting: My Decision: Give me an answer like a student don't used deep word like a sentence