1 Which inventory costing method would best meet Wards goal

1. Which inventory costing method would best meet Ward\'s goal? 2. Assume Ward wanted to expense out the newer purchases of goods instead Which inventory costing method would best meet that need? lution

Solution

1. FIFO method- FIFO method is best method to use.

2. LIFO method as it will result in accouting of recently purchased inventory as expenses in the books.

Please provide more data for further analysis.