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)Option A
B)Option B
C)Option C
D)Option D

Question

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)Option A 
B)Option B 
C)Option C 
D)Option D

Quizplus · Accepted Answer

The Answer of 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)Option A 
B)Option B 
C)Option C 
D)Option D

Accounting Procedures Allow a Business to Evaluate Their Inventory at LIFO