Question Completion Status: QUESTION 4 Accounting procedures allow a business to evaluate their inventory costs based on two methods: LIFO (Last in First Out) or FIFO (First In First Out). A manufacturer evaluated its finished goods inventory (in $000s) for five products with the LIFO and FIFO methods. To analyze the difference, they computed (FIFO-LIFO) for each product. Based on the following results, does the LIFO method result in a lower cost of inventory than the FIFO method? Product FIFO (F) LIFO (L) 225 221 119 100 100 113 212 200 5 248 245 What is the null hypothesis? HO:Hd 50 HO: 0 HO:Hd - 0 Ho: da 0 Chick Save and submit to save and submit Chek Se All Ant all ans . Save All And