Describe a business that you dream of running someday or already run. In a summary paragraph, discuss which of the inventory costing methods you would choose for your business: Specific Identification, Weighted Average, FIFO, or LIFO. Discuss why you chose this method for your specific business. Discuss some advantages and disadvantages the method you chose has for your business.

Include these items in your post:

Inventory method chosen and why

Advantages and disadvantages