Shepherd Cycles does not expect prices to change dramatically and wants to use a method that averages

Question:

Shepherd Cycles does not expect prices to change dramatically and wants to use a method that averages price changes. 

Requirements 

1. Which inventory method would best meet Shepherd's goal? 

2. What if Shepherd wanted to expense out the newer purchases of goods instead? Which inventory would best meet that need?

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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