11:27 0.42 16% You 15 minutes ago Question 1 (1 point) Saved Which of the following should a business consider when choosing between the FIFO and average cost formulas? whether the method closely follows the physical flow of goods all of the other answers using the same method for inventory of similar nature and use whether the method reports an inventory cost that approximates recent cost Question 2 11 point Saved Which of the following formulas" is incorrect? O