IIA CIA Exam Part Three: Business Knowledge for Internal Auditing IIA-CIA-Part3-3P Question # 111 Topic 12 Discussion

IIA CIA Exam Part Three: Business Knowledge for Internal Auditing IIA-CIA-Part3-3P Question # 111 Topic 12 Discussion

IIA-CIA-Part3-3P Exam Topic 12 Question 111 Discussion:
Question #: 111
Topic #: 12

Which of me following represents an inventory costing technique that can be manipulated by management to boost net income by selling units purchased at a low cost?


A.

First-in first-out method (FIFO)


B.

Last-in first-out method (LIFO)


C.

Specific identification method


D.

Average-cost method


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