Chrome File Edit View History Bookmarks Profiles Tab Window Help M Question 1 - Chapter 6 Excel - X Course Textbook and Supplemex ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbbhosted.cuny.edu%252Fwebapps... Chapter 6 Excel i 1 7.5 points 01:20:24 eBook Print References Mc Graw Hill ! Required information Mc Graw Hill 2 Part A Reporting Inventory and X 2. Which statement is true regarding the purpose of using absolute cell referencing in your spreadsheet? 3. Which statement below is true regarding the application of the three inventory costing methoods? True O False An absolute cell reference contains a dollar sign ($) in the row or column coordinate (or both) to indicate the result is a currency value. O You can use an absolute reference to keep a row and/or column constant. FIFO results in a lower gross profit when inventory costs are rising. O LIFO results in a lower gross profit when inventory costs are rising. O Weighted Average results in a lower gross profit when inventory costs are rising. 2,148 Saved 4. Companies can choose the most appropriate inventory costing method for their business (FIFO, LIFO, and weighted-average cost) for internal (management) reporting, but not for external and tax reporting. OCT 15 6 Excel | Microsoft 365 < Prev J 1 of 2 Next > x + A O Help M Aa =S Save & Exit Sun Oct 15 10:38 PM Submit Update : M