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I want to open a herbal/candle shop in the future. Suppose the herbal/candle shop experiences...

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Accounting

I want to open a herbal/candle shop in the future. Suppose the herbal/candle shop experiences regular price fluctuations in its inventory due to seasonal demand and supplier price changes. The shop purchases herbal products and candles from suppliers and stores them for sale. How would choosing an inventory valuation method impact the shop's financial statements and profitability?

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