Question: started business and is trying to decide which inventory cost formula-FIFO or average cost-to use. Assuming prices are falling,as in the information technology sector, answer

or average cost-to use. Assuming prices are falling,as in the information technology

started business and is trying to decide which inventory cost formula-FIFO or average cost-to use. Assuming prices are falling,as in the information technology sector, answer the following questions for Interactive.com Interactive.com just Which cost formula will result in having higher ending inventory? FIFO Average eextoook and Media Which cost formula will result in the higher cost of goods sold? eTextbook and Media

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