Jeffrey Gennette is the CEO of Macy's $($a United States retailer$)$ and the company uses the LIFO inventory costing method. Because Jeffrey's bonus is based on the $44$ company's earnings, he has directed the controller to use FIFO as the inventory costing method. Jeffrey did not tell the controller his real reason for the directive;

$17$ instead, he stated that he thought FIFO better reflected the actual flow of $35$ inventory costs.

$38$ Review the following links and company websites, then answer the questions.

Kohl's

$23-$ Macy's