Question: The options in both questions are: 1) specific identification method because it's the most precise method 2)FIFO because COGS will be higher 3)FiFO because COGs

The options in both questions are:

1) specific identification method because it's the most precise method

2)FIFO because COGS will be higher

3)FiFO because COGs will be lower

4) average method because COGS will be higher

5) average method because Cogs will be lower

6)any method would be fine.

The options in both questions are: 1) specific identification method because it's

COST DETERMINATION METHOD Question 1) Peter owns a computer store in Montreal and has just started the sale of a new model of stylus. In that industry, prices of goods are constantly decreasing. Peter wants to report a profit as small as possible to save income tax. Which method will you recommend ? Question 2) Amanda will open shortly a new grocery store and her objective is to maximize the cash-flows of the company. Which method will you recommend to help Amanda achieve her objective

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