write 150 words in a paragraph not definitions only.

First, we need to understand the basic inventory accounting; FIFO, LIFO and Average cost Method. After discussing basic differences among three different methods, please comment on the impact of each method on the income statement and balance sheets.

For PPE please discuss the depreciation methods and the impact of each depreciation methods on the income statement and balance sheet. Also, discuss the asset sale, impairments and restructuring costs, focusing on the financial statement impact.