QUESTION 9 poin IFRS reporting currenty does not allow which method of inventory costing? O Specific identification O FIFO. O LIFO. O Weighted average. O Lower of cost or market. QUESTION 10 4 points Companies can and often do use different costing methods for financial reporting and tax reporting. An exception to this is the: O Full disclosure principle. O Consistency concept. O FIFO inventory valuation method. O LIFO conformity rule. O Matching principle