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How can a manager (at least try to use discretion or manipulation in the accounting for inventory costs to increase income reported in the financial
How can a manager (at least try to use discretion or manipulation in the accounting for inventory costs to increase income reported in the financial statements this period without changing cash flows? o Use inflated market value estimates to avoid write-downs to "lower of cost or market" Use LIFO in times of rising prices Assign fewer costs to ending inventory and more toward cost of goods sold Use a lower quality and cheaper raw material in production without informing customers
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