Can u help me on #12?

or pan. Once a method has Do you been selected, what accounting requirement applies? FIFO and LIFO method 10. Which assumed inventory cost flow method: inventory system. Do *21. How does the ave a. usually parallels the actual physical flow of merchandise? tween a perpetual in b. divides cost of goods available by total units available for sale 22. When is it nece to determine a unit cost? *23. Both the gross c. assumes that the latest units purchased are the first to be sold? based on averages 11. In a period of rising prices, the inventory reported in Bert Com it is determined, pany's balance sheet is close to the current cost of the *24. Pawlowski whereas Ernie Company's inventory is considerably below its cur- available for sa rent cost. Identify the inventory cost flow method being used by each the estimated company. Which company probably has been reporting the higher *25. Cinderel gross profit? retail prices 12. Oscar Company has been using the FIFO cost flow method during the during a prolonged period of inflation. During the same time period, using the