i Chrome File Edit View History Bookmarks Profiles Tab window Help Sun Oct15 10:38 PM . m Question 1 Chapter 6 Excel X Part A Reporting Inventory an x n Course Textbook and Suppler x f; Excel | Microsoft 365 x l + v ( C i ezto.mheducation,com/ext/maplindexlhtml?_con=con&external_browser=0&launchUrl:https%253A%252F%252behosted,cuny.edu%252Fwebapps... [11 it? =I U 0 Chapter 6 Excel 0 Saved Help Save & Exit Submit Required information 1 2. Which statement is true regarding the purpose of using absolute cell referencing in your spreadsheet? 75 0 An absolute cell reference contains a dollar sign ($) in the row or column coordinate (or both) to indicate the result is a currency value, points 0 You can use an absolute reference to keep a row and/or column constant. 68\" 3. Which statement below is true regarding the application of the three inventory costing methoods? Print References 0 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. 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. 0 True 0 False mm