Question: Question 3 Which inventory method is better described as having an income statement focus and why is it considered as such? Selected answer will be

Question 3
Which inventory method is better described as having an income statement focus and why is it considered as such?
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a LIFO; better approximates the value of ending inventory
b LIFO; better approximates inventory cost necessary to generate revenue
c FIFO; better approximates the value of ending inventory
d FIFO; better approximates inventory cost necessary to generate revenue
Question 3 Which inventory method is better described as having an

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