What four methods are used to account for inventory? What are the financial implications of one method

Question:

What four methods are used to account for inventory? What are the financial implications of one method over another? How does the choice of inventory accounting method affect the order in which actual items in inventory are sold? Is it possible for the choice of accounting method for inventory to affect the value of a firm as discussed in Chapter 11? How?

Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...