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Accounting Procedures Allow a Business to Evaluate Their Inventory at LIFO

question 11

Multiple Choice

Accounting procedures allow a business to evaluate their inventory at LIFO (Last In First Out) or FIFO (First In First Out) . A manufacturer evaluated its finished goods inventory (in $ thousands) for five products both ways. Based on the following results, is LIFO more effective in keeping the value of his inventory lower? $Accounting procedures allow a business to evaluate their inventory at LIFO (Last In First Out) or FIFO (First In First Out) . A manufacturer evaluated its finished goods inventory (in $ thousands) for five products both ways. Based on the following results, is LIFO more effective in keeping the value of his inventory lower? What is the alternate hypothesis? A) H1: µF = µL B) H1: µF neq µL C) H1: µF \le µL D) H1: µF > µL$
What is the alternate hypothesis?

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