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?

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

View Answer

Answer: A