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Explain which inventory costing method should york use

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Reference no: EM132755327

Problem 1: What is the significance of the adjective weighted in the weighted average cost method? Use an example to illustrate your answer.

Problem 2: Which inventory method, FIFO or LIFO, more nearly approximates the physical flow of products in most businesses? Explain your answer.

Problem 3: York Inc. manufactures notebook computers and has experienced noticeable declines in the purchase price of many of the components it uses, including computer chips. Which inventory costing method should York use if it wants to maximize net income? Explain your answer.

Reference no: EM132755327

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