I know its already answered I just dont think the way its done is right. my teacher said that first paragragh is just facts. the second paragraph is research according to gaap, and last paragraph add recommendations. please i need this by tonight. make sure its different from what out there. also I would never post your work as my own. I will always change it up and reword it. 07-11 Researching GAAP Situation Fenimore Manufacturing Company uses the average cost method. It has followed a policy of expensing all its manufacturing cost variances. N is considering a change is its policy that will involve allocating them between cost of goods sold and inventory Fenimore's president has asked you which of these alternative policies'is consistent with GAAP. Directions Research the related generally accepted accounting principles and prepare a short memo to the president. Cite your references and applicable paragraph numbers