$$The consistent application of an inventory costing method enhances

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accuracy.

conservatism.

comparability.

efficiency.

$$107$

May $1,2025$

Purchase

$125$

$$112$

The company sold$291$units at $$144$each and has a tax rate of$30\%.$ Assuming that a periodic inventory system is used, what is the company$$s gross profit using FIFO? $($rounded to the nearest dollar$)$

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$$31762$

he managers of Kardashian Company receive performance bonuses based on the net income of the firm. Which inventory costing method are they likely to favor in periods of declining costs?

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Physical inventory method

The managers of Kardashian Company receive performance bonuses based on the net income of the firm. Which inventory costing method are they likely to favor in periods of declining costs?

Select answer from the options below

Physical inventory method

The consistent application of an inventory costing method enhances

Select answer from the options below

accuracy.

conservatism.

comparability.

efficiency.