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Mathematics, 22.04.2020 03:46 kingken3400

Accounting procedures allow a business to evaluate their inventory costs based on two methods: LIFO (last in first out)or FIFO (first in first out). A manufacturer evaluated its finished goods inventory (in $000s)for five products with the LIFO and FIFO methods. To analyze the difference, they computed FIFO â LIFO for each product. We would like to determine if the LIFO method results in a lower cost of inventory than the FIFO methodProduct FIFO(F) LIFO(L) 1 225 221 2 119 100 3 100 113 4 212 200 5 248 245What is the alternate hypothesis?A)H1: µd = 0B)H1: µd â 0C)H1: µd ⤠0D)H1: µd > 0

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