securities 21. When the company uses the FIFO method with inflation market, this will lead to...

 

Transcribed Image Text:

securities 21. When the company uses the FIFO method with inflation market, this will lead to * (1 Point) Increase cost of goods sold Decrease cost of goods sold Decrease gross profit a. none 22. Psychic income refers to * securities 21. When the company uses the FIFO method with inflation market, this will lead to * (1 Point) Increase cost of goods sold Decrease cost of goods sold Decrease gross profit a. none 22. Psychic income refers to *

Answer rating: 100% (QA)

In FiFO method first in first out that means cost of goods sold valued at oldest price Infla... View the full answer