1. Select two inventory costing methods that we are learning in this course. One good choice might be the two methods you used for the Partial Income Statements.

2. write no more than three paragraphs explaining the advantages and disadvantages of each of the two inventory costing methods you have selected. All the information you need for this assignment is in the PowerPoint lectures. No extra points will be given for internet research, though you may do that provided you cite any websites you visit.

3.You should discuss the effect of the chosen Inventory costing methods on Assets and Net Income. You may also offer comments on investment and lending decisions made by outsiders, as well as tax effects of the methods you selected.