Pronghorn Inc, is trying to determine whether to use the FIFO or average cost formula. The accounting selected inventory information: The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. Snow-Tech Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. Pronghorn Inc, is trying to determine whether to use the FIFO or average cost formula. The accounting selected inventory information: The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. Snow-Tech Inc. sells an Xpert ski that is popular with ski enthusiasts. The following information shows Snow-Tech's purchases and sales of Xpert skis during November: The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula