Which One of the Following Inventory Costing Methods Can Lead

question 24

Multiple Choice

Which one of the following inventory costing methods can lead to manipulation of reported income?

• A)FIFO
• B)LIFO
• C)Average cost
• D)Specific identification

---

Definitions:

Lanugo

Fine, soft hair that covers the body of a fetus, which is usually shed before birth.

Cleavage

A process of cell division in the early embryonic stage that leads to the formation of a multicellular embryo.

Morula

An early stage in embryonic development that follows fertilization, featuring a solid ball of cells resulting from the division of a zygote.

Gametogenesis

The process by which gametes, or sex cells, are formed, involving meiosis and maturation in reproductive organs.