TRUE/FALSE. Write T' if the statement is true and F' if the statement is false. 8) Losses on reduction to NRV may be charged to either cost of goods sold or to a line item 8)_ among operating expenses 9) The primary motivation behind the lower of cost or market (LCM) rule is conservatism. 9) 10) Under the LiFO retail method, the current period cost-to-retail percentage includes both 10) net markdowns and net markups. 11) A change from LIFO to any other inventory method is accounted for retrospectively. 11)