Which of the following represents an inventory costing technique that can be manipulated by management to boost net income by selling units purchased at a low cost?

exams IIA-CIA-Part3 V0 IIA-CIA-Part3 exam 0 Comments

Which of the following represents an inventory costing technique that can be manipulated by management to boost net income by selling units purchased at a low cost?
A . First-in. first-out method (FIFO).
B . Last-in, first-out method (LIFO).
C . Specific identification method.
D . Average-cost method

Answer: A