Required (16 pts):

Type a concise memo to her addressing her concerns (she likes people who get right to the point). Start by explaining what you think her objectives are and why, and how this guides your approach to deciding which method to use and whether to make the special purchase. (3 pts) Next, provide supporting calculations of Cost of Goods Sold for FIFO and LIFO under both scenarios: i.e., if she receives the special purchase before or after year-end, for a total of 4 calculations. Put the calculations in an appendix after the memo. (10 pts) Finish the memo by recommending whether she should make the purchase and what method she should use. (3 pts)