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MNO Inc. uses the LIFO cost flow assumption. Below is information from MNO Inc.'s financial report: Cost of goods sold in 2022: $150.000 InLeFII What

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MNO Inc. uses the LIFO cost flow assumption. Below is information from MNO Inc.'s financial report: Cost of goods sold in 2022: $150.000 InLeFII What would have been the cost-of-goods-sold (COGS) in 2022 if FIFO had been used? 1. $153,000. 2. $150,000. 3. $143,000. 4. $147,000

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