QUESTION 30 Which of the following statements is incorrect? A year-end purchase of inventory increases the LIFO cost of goods sold when unit costs are increasing. A year-end purchase of inventory does not affect the weighted-average ending inventory when unit costs are increasing. The choice of an inventory costing method is dependent on the actual flow of goods when inventory is sold. A year-end purchase of inventory increases the FIFO ending inventory when unit costs are increasing QUESTION 31 2.5 p Which of the following does not properly describe the depreciation process? O It is consistent with the matching principle O It attempts to determine an asset's market value. O It is an allocation process O It involves the use of estimates