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Under which situation may a company change inventory costing methods, e.g, from LIFO to FIFO? a When the replacement cost is less than the original

Under which situation may a company change inventory costing methods, e.g, from LIFO to FIFO?

a When the replacement cost is less than the original cost of inventory items on hand.

b When a company can justify why a switch will provide a more meaningful financial statement information.

c For any reason, at the end of a companys operating cycle.

d When the new method will allow the company to save income taxes.

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