Jerry White is studying for the next accounting mid-term

Jerry White is studying for the next accounting mid-term 1 Your former college roommate is opening a new retail store and asks you “Which inventory costing method should I use?” What is your response? Include a comparison of the tax effect, statement of financial position effect, and income statement effect for FIFO versus average-cost. 2 Jerry White is studying for the next accounting mid-term examination. What should Jerry know about (a) departing from the cost basis of accounting for inventories and (b) the meaning of “net realizable value” in the lower-of-cost-or- net realizable value method? Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help