me Left:0:57:45 Stephanie Barham: Attempt 1 Question 3 (2 points) Which inventory costing method might allow a company to make significant inventory purchases at year-end for the purpose of manipulating income? FIFO LIFO Specific identification Weighted average cost Question 4 (2 points) Saved Question 8 (2 points) Which one of the following would appear on the income statement of a merchandising company, but not on the income statement of a service company? Cost of goods sold Selling and administrative expenses Net sales Income tax expense inte Saved Question 11 (2 points) Which of the following statements regarding cost of goods available for sale is true? Cost of goods available for sale is an expense account Cost of goods available for sale is added to beginning inventory to determine cost of purchases during the period. Cost of goods available for sale is subtracted from net sales to arrive at the gross margin. Cost of goods available for sale is a pool of costs to be distributed between what was sold and what was not sold during a period