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The managers of Tasted Company receive performance bonuses based on the net income of the firm. Which inventory costing method are they most likely to

The managers of Tasted Company receive performance bonuses based on the net income of the firm. Which inventory costing method are they most likely to prefer in periods of declining inventory costs (i.e., deflation)?

Group of answer choices

LIFO

FIFO

weighted average

either FIFO or LIFO as they will both report the same net income

the managers will have no preference since the inventory method does not effect the companys net income

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