Question: Please answer all D) An error in an ending inventory count will affect the financial statements only in the year of the error. True or

Please answer all Please answer all D) An error in an ending inventory count
will affect the financial statements only in the year of the error.

D) An error in an ending inventory count will affect the financial statements only in the year of the error. True or False? E) If a company uses the PERIODIC LIFO method and purchasing costs are decreasing, how will that affect COGS unit cost? Type Increase or Decrease. F) If the seller of goods (inventory) is responsible for paying for the freight or shipping on a transaction, which financial statement would the amount appear on? Type Balance Sheet or Income Statement

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