Wilkins Company uses the LIFO method fro inventory costing. The president wants the accountant to recommend a large purchase of inventory at year-end….

Wilkins Company uses the LIFO method fro inventory costing. The president wants the accountant to recommend a large purchase of inventory at year-end. The price of the purchase has nearly doubled during the year, and the item represents a major portion of inventory value.Identify the major stakeholders. If the plant accountant recommends the purchase, what are the consequences?If Wilkens Company were using the FIFO method would Lenny Wilkens give the same order? Why or why not?