Management may use the cost formula decision tree when determining which cost formula to use. If goods are not interchangeable, management's options are weighted-average. FIFO. Just-in-time. specific identification. Question 2 (1 point) In 2020 Borger Industries had beginning inventory of $106,000, purchases of $1,126,500, ending inventory of $116,000, accounts payable of $49,605, and sales of $2,147,250. Inventory turnover for 2017 was closest to 9.625. 10.06. 10.15. 10.53. Question 3 (1 point) Which of the following would most likely use a perpetual inventory system? hardware store shoe store car dealership bookstore Question 4 (1 point) Use of the FIFO cost formula means that the perpetual costing system is used. the ending inventory contains the oldest costs. the periodic costing system is used. the ending inventory contains the most recent costs