Which of the following inventory costing method is not permitted by ASPE and IFRS in Canada? Multiple Choice O LIFO O FIFO. Weighted average cost method Specific identification method Which of the two following inventory valuation system differ between periodic and perpetual inventory systems? Multiple Choice LIFO and Weighted average method FIFO and Weighted average method LIFO and FIFO Specific identification Carrying insufficient quantities of inventory on hand: Multiple Choice all of the answers are acceptable. can cause customers to go elsewhere to obtain the product. has little effect on customer satisfaction. can inadvertently lower a company's costs so much that its taxes become excessive