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how does the inventory costing methods affect the income statement when costs tend to rise over time?
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11 votes
11 votes
how does the inventory costing methods affect the income statement when costs tend to rise over time?

User Igor Bukin
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2 Answers

17 votes
17 votes

Answer:cost of good sold on the income statement

Step-by-step explanation:

User Vicente Romero
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24 votes
24 votes

Answer:

Cost of Goods Sold on the income statement differs between the methods causing

Income Tax Expense to differ.

Step-by-step explanation:

User Danialk
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