Question: 10. What effect does each inventory method used have on the firm's reported profits and ending inventory levels? 11. Which inventory method should be used

10. What effect does each inventory method used have on the

10. What effect does each inventory method used have on the firm's reported profits and ending inventory levels? 11. Which inventory method should be used if management anticipates a period of inflation? Why? 12. What are some specific inventory carrying costs? Are these costs fixed or variable? 13. What are some inventory ordering costs? Are these costs fixed or variable? 14. What are the components of total inventory costs

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