Ling CorpStarted Business at the Beginning of 2013

question 125

Multiple Choice

Ling Corp.started business at the beginning of 2013.Ling selected the FIFO method for its inventory.In order to maximize its profits for 2013 under this method,prices must be

• A)Increasing
• B)Decreasing
• C)Stable
• D)Fluctuating up and down at the same amount consistently over the year

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