Question: Cabot s COGS was higher in 2 0 2 3 as compared to 2 0 2 2 . Which of the following must be true
Cabots COGS was higher in as compared to Which of the following must be true for compared to
Group of answer choices
If end inventory decreased, then Cabots End inventory under LIFO would be lower.
If end inventory items increased, the Cabots End inventory under FIFO would be higher.
If Cabot sold the same number of items in each year, the end inventory under FIFO would be the same.
If Cabots end inventory was lower, would be lower under both FIFO and LIFO.
All answers are wrong
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