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Accounting for InventoriesPlease respond to the following: Suggest which type of income statement a retailer should use. Defend your suggestion. Analyze inventory valuation methods discussed

"Accounting for Inventories"Please respond to the following:

  • Suggest which type of income statement a retailer should use. Defend your suggestion.
  • Analyze inventory valuation methods discussed in the textbook. Based on your analysis, recommend the most accurate valuation method that reflects current economic conditions. Provide a rationale for your recommendation.

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