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Which inventory costing method should a company use

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Reference no: EM132734635

York Inc. manufactures notebook computers and has experienced noticeable declines in the purchase price of many of the components it uses, including computer chips.

Question a) Which inventory costing method should York use if it wants to maximize net income? Explain your answer.

Question b) Which inventory costing method should a company use when it wants to minimize taxes? Does your response depend on whether prices are rising or falling? Explain your answers.

Reference no: EM132734635

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