1) What accounting principle most guides the allocation of for sale between ending inventory and cost of goods sold? 2) If Skeechers sells goods to Target with terms FOB shipping reports these goods in its inventory and cost of goods sold? 3) When costs are rising, which inventory method reports higher net income -LIFO or FIFO? 4) When costs are rising, wh at effect does LiFO have on a balance sheet, compared to FIFO