This Subject is Financial Accounting please give me proper and accurate answer according to the questions soon as possible don't copy from other i will give you thumb

Question no 4 20 A) You are a financial adviser with a client in the Merchandizing business that just completed its first year of operations. Due to COVID conditions, the cost of acquiring produce to resell has escalated during the latter part of this period. Your client, Caroline, mentions that because her business sells perishable goods, she has striven to maintain a FIFO flow of goods. Although sales are good, the increasing cost of inventory has put the business in a tight cash position. Caroline has expressed concern regarding the ability of the business to meet income tax obligations Required Prepare a Note that identifies, explains, and justifies the inventory method you recommend your client, Ms. Caroline, adopt