Question: d . Which of these three inventory costing methods would we choose to: 1 . Reflect what is probably the physical flow of goods?Answer 7

d. Which of these three inventory costing methods would we choose to:
1. Reflect what is probably the physical flow of goods?Answer 7FIFOLIFOAverage Cost2. Minimize income taxes for the period?Answer 8FIFOLIFOAverage Cost3. Report the largest amount of income for the period?Answer 9FIFOLIFOAverage Cost

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