$8.$ Which method is commonly used for inventory valuation?

A$)$ FIFO $($First In$,$ First Out$)$

B$)$ LIFO $($Last In$,$ First Out$)$

C$)$ Weighted Average Cost

D$)$ All of the above

$9.$ What is the purpose of an audit?

A$)$ To prepare financial statements

B$)$ To verify the accuracy of financial records

C$)$ To provide tax