.

February 2: KG PRICE PER KG AMOUNT

Purchase of Pistachios: 2500 $12 $30,000

Purchase of Almonds 4000 $7 $28,000 Purchase of Peanuts 6000 $5 $30,000

February 3: KG PRICE PER KG AMOUNT

Purchase of Pistachios: 1500 $14 $21,000

Purchase of Almonds: 2000 $8 $16,000 Purchas of Peanuts: 2000 $6 $12,000

February 6: Sold to several clients:

KG PRICE PER KG AMOUNT

Pistachios: 2000 $22 $44,000

Almonds: 2500 $13 $32,500

Peanuts: 3000 $9 $27,000

February 6: Sold to Fruits Lovers Inc:

KG PRICE PER KG AMOUNT

Pistachios: 500 $22 $11,000

Almonds: 1000 $13 $13,000

Peanuts: 1500 $10 $15,000

February 12:

KG PRICE PER KG AMOUNT

Purchase of Pistachios: 1500 $16 $24,000

Purchase of Almonds: 2000 $10 $20,000

February 13: Sale of peanuts to peanuts lovers Inc...:

KG PRICE PER KG AMOUNT

3500 $10 $35,000

February 14: Purchase of Peanuts

KG PRICE PER KG AMOUNT

6000 $6 $36,000

February 19: Sold to several clients:

KG PRICE PER KG AMOUNT

PISTACHIOS: 1000 $23 $23,000

Almonds: 1500 $15 $22,500

Peanuts: 3000 $11 $33,000

February 25: Purchased from various suppliers:

KG PRICE PER KG AMOUNT

Pistachios: 1000 $15 $15,000

Almonds: 1000 $11 $11,000

Peanuts: 1000 $6 $6,000

Besides these transactions, the company has had the following expenses:

Salaries: $3650 Electricity bill: $360 Renting of equipment: $950

Rent of warehouse and office: $1.650

Miscellaneous: $1.250

Jim expects that the prices of the merchandises will dramatically decrease in the next future as a result of the COVID 19 crisis. Which method of valuation of the inventory would you thus recommend to Jim? Explain your answer