word problem

Chapters 7 and 8 focus on inventory. As noted in the text, companies have the option of Inventory cost flow assumptions (for example LIFO). Let's assume you're the accountant for a retailer that had relatively few lines of high-volume products. 1. What choices do you have when considering your inventory cash flow assumption? 2. What factors would you consider when making your decision? 3. Which inventory cash flow assumption would you choose