Question 6.2 Advise ToyoMaster on what you think is the most appropriate inventory costing method to determine the cost of goods sold and describe why this method is the most appropriate. Choose at least two relevant principles, assumptions, qualitative characteristics, generally accepted accounting principles, and/or accounting standards (relevant theory), describe them, and explain how they support your choice of method. Answer this question in the following format: 1. The most appropriate inventory costing method to determine the cost of goods sold is.......(1 mark) 2. The first relevant theory which supports the choice of this method is... (describe theory) (2 marks) 3. This theory supports the choice of method by... (explain how this theory supports your choice of method) (2 marks) 4. The second relevant theory which supports the choice of this method is.... (describe theory) (2 marks) 5. This theory supports the choice of method by... (explain how this theory supports your choice of method) (2 marks) Edit View Insert Format Tools Table