What Ratio (Usually an Average from Prior Periods)can Be Used

Essay

What ratio (usually an average from prior periods)can be used in estimating the current period's ending inventory?.________ a)The amount of ending inventory will be $10 assuming the LIFO cost flow method was used.________ b)Cost of goods sold would be $24 assuming the weighted-average cost flow method was used.________ c)Cash flow from operating activities in June would be $28 assuming a FIFO cost flow method was used.________ d)Cash flow from operating activities in June would be $26 independent of what cost flow method was used.________ e)The amount of gross margin would be $26 assuming the FIFO cost flow method was used.