The ending inventory value is more accurate when using the following cash flow assumption: a. Average Cost b. None of the above. C. LIFO d. FIFO There is no difference between the periodic and perpetual inventory systems when using the FIFO cost flow assumption True False During the month of January, Target purchased in this order: 500 cases of paper towels for $35,000, 700 cases at $30,000, and 200 cases at $15,000 What is the ending inventory in dollars if Target sells 1.200 cases of paper towels for $90,000? Target uses the LIFO cost flow assumption and the periodic inventory system a. $90,000 b. 80,000 c$15,000 d. $14,000 During the month of January, Target purchased in this order: 500 cases of paper towels for $35,000; 700 cases at $30,000, and 200 cases at $15.000 What is the ending inventory in dollars if Target sells 1,200 cases of paper towels for $90,000? Target uses the FIFO cost flow assumption. a. 80,000 b. $75,000 Cc $15,000 d. $65.000 Consignment goods are always included in the consignor's balance sheet. True False