For this discussion, let us return to our favorite local merchants from units 5 and 6. What inventory valuation method would you advise them to use? Why do you think it is the best suited to their business? Describe the valuation method you would use (ex.FIFO or LIFO) and why. Describe how you would adjust the value of inventory by applying the lower of cost or market technique. THIS COULD BE A SPORTING GOODS STORE OR GROCERY.