Identify inventory systems and inventory cost flow methods.

LO1, 5

Suggest the most appropriate inventory system and inventory cost flow method for each of the following businesses and products:

1. Textbook sales in the co-op bookshop.
2. Petrol sales in the local petrol station.
3. Antique mirror sales in an antique furniture shop.
4. Bottled juice in a fruit bar.
5. Necklace sales in a jewellery shop.