Business, 02.06.2021 20:50 kyleighkinler5647

Sanborn Inc. is a new manufacturing company founded on February 2, 2012. The company had to choose between the LIFO and FIFO methods for its inventory. Inventory costs were rising during 2012, so the company decided to use the LIFO method. Which of the following items would be decreased by the choice of LIFO (compared to what would have happened if they chose to use FIFO)? a. Retained Earnings
b. SG&A Expense
c. Accounts
d. Payable Inventory
e. Total Assets

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Sanborn Inc. is a new manufacturing company founded on February 2, 2012. The company had to choose b...