The White Wove Corporation began operations in 2011. A summary of the first quarter appears below.

The White Wove Corporation used the LIFO perpetual inventory method and correctly computed an inventory value of $38,300 at the end of the first quarter. Management is considering changing to a FIFO costing method. It has also considered using a periodic system instead of the perpetual system presently being used. You have been hired to assist management in making the decision. What would youadvise?

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Units Total Cost Purchases: anuary 2 February I1 February 20. March 21 March 27 250 100 400 200 225 $23,250 9,500 38,400 9,600 22,275 Other data: Sales in Sales Price Operating per Ut Expenses Units anuary February March 200 225 350 $140 142 145 $9,575 7.820 7,905