COST DETERMINATION METHOD Question 1) Peter owns a computer store in Montreal and has just started the sale of a new model of stylus. In that industry, prices of goods are constantly decreasing. Peter wants to report a profit as small as possible to save income tax. Which method will you recommend? FIFO because COGS will be lower Question 2) Amanda will open shortly a new grocery store and her objective is to maximize the cash-flows of the company. Which method will you recommend to help Amanda achieve her objective? Any method would be fine