I need only 2 to 3 sentences for the following: Consider today's marketing climate: energy and insurance prices are rapidly increasing; electronic goods prices are decreasing; and the remainder of...

Consider today's marketing climate: energy and insurance prices are rapidly increasing; electronic goods prices are decreasing; and the remainder of the goods prices are slowly increasing. You have a general merchandise department store and have studied each of the four inventory valuation methods. Which would you use and why? Keep in mind financial statements and tax effects, as well as consistency, and the difficulty of calculating the inventory.