The most widely used method for cost estimation is COCOMO

Serena wants to buy a pair of sunglasses. She decides to buy it from Seekart, an online retail store

Seekart uses an automated system to process its customers' purchases and sends the information to the manufacturer's warehouse, which directly ships the required products to the customers. This system employed by Seekart is called a(n)__________. Fill in the blanks with correct word.

Which of the following statements is true of inflationary periods?

a. averaging reports a higher inventory balance than FIFO b. averaging reports a higher net income than FIFO c. LIFO reports a higher inventory balance than FIFO d. FIFO reports a higher gross profit than LIFO e. LIFO reports a higher net income than FIFO