Inventory Valuation for retail Bussiness

[kinovisques]

Inventory Valuation for retail Bussiness

Hello Inventory Gurus

I would like to ask you is you can send me any feedback to decide which will be the best inventory valuation for a retail Business.

1.Standard
2.First-in, First-out (FIFO)
3.Last-in, First-out (LIFO)
4.Weighted Average
5.Average

Thanks