Inventory Valuation Methods. Identify thedifferences between F.I.F.O. L.I.F.O. andtheaverage-cost methodof inventory valuation. Besure to include the effects of each method oncost ofgoods soldandnetincomein your answer. Also discuss thedifferences between the physical movement of goods and cost flowassumptions. Your answer should illustrate understanding of thethree major inventory valuation methods and the relationshipbetween physical inventory flow and cost flow assumptions. Respondto at least two of your classmates posts.