Which of the Following Statements Regarding Inventory Cost Formulas Is

question 38

Multiple Choice

Which of the following statements regarding inventory cost formulas is correct?

• A) A company may use more than one inventory cost formula.
• B) A company should use the method that is easiest.
• C) A company must use the method that allows them to manage net income.
• D) A company may never change its inventory cost method once it has chosen it.

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