You have been asked by your boss whether the business should operate in an international country. One of the concerns deals with the fact that the company has inventory in this foreign country. HINT: IFRS ISSUE (an IAS# is required for the citation) What method of inventory costing can it adopt? What will you tell your boss? EACH GAAP ASSIGNMENT WILL HAVE THE FOLLOWING FORMAT: PROBLEM TO BE RESEARCHED: What is the question being asked? SOURCES FOR RESEARCH: (EX. FASB TEXT PAGE, GAAP GUIDE, ETC.) A CITATION MUST BE IDENTIFIED (i.e. U.S. GAAP (ASC) ACCOUNTING STANDARDS CODIFICATION TOPIC 111-11 FOR EXAMPLE) Where did you get you answer? III. CONCLUSION What is your answer?