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8 Ching Inc. uses the average-cost inventory method. Its 2020 ending inventory was 60,000, but it would have been 50.000 if FIFO had been used.
8 Ching Inc. uses the average-cost inventory method. Its 2020 ending inventory was 60,000, but it would have been 50.000 if FIFO had been used. Thus, if FIFO had been use Henri's income before income taxes would have been 1. not determinable without the tax rate. 2. None 3. 10.000 greater. 4. the same 5. 10,000 less
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