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17-18, Calculating LIFO, FIFO, Income and Cash Flows V L02, 4, 6 n acquaintance has...

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17-18, Calculating LIFO, FIFO, Income and Cash Flows V L02, 4, 6 n acquaintance has proposed the following business plan to you. A local company re quires a consistent quantity of a commodity and is looking for a reliable supplier. You could become that reliable supplier The cost of the commodity is expected to rise steadily over the foreseeable future, but the company is willing to pay more than the price that is current at the time. All you would need to do is make an investment, purchase the inventory and then deliver inventory to the company over

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