Inventory controls start when the merchandise is shelved in the store area. True False The choice of an inventory costing method has no significant impact

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Inventory controls start when the merchandise is shelved in the store area. True False The choice of an inventory costing method has no significant impact on the financial statements. Tre False FIFO is the inventory costing method that follows the physical flow of the goods. True False Under the periodic inventory system, the inventory account continuously discloses the amount of inventory on hand. The weighted average cost method will always yield results between FIFO and LIFO. . True False Unsold consigned merchandise should be included in the consignee's inventory. True False