Bostick Clothing is a retail clothing store in Tampa. Bostick sells woman's clothing and accessories. Bostick recently hired a graduate from The University of Tampa. Bostick asked her new employee to summarize accounting for inventory, specifically addressing the following questions. 1. How should Bostick determine what costs should be included in inventory? 2. Before determining which cost flow assumption to use, what primary objective should Bostick consider? 3. Bostick sells similar goods that are purchased at different times and at different prices. Is Bostick required to maintain an inventory system to account for cost of goods sold based on the specific item sold? 4. After initial measurement, how should inventory be reported on the balance sheet? Why? Prepare a well-written memo (proper memo style, grammar, spelling, and authoritative citations) summarizing Bostick's questions about accounting for inventory