The choice of an inventory costing method usually has no impact on gross profit or cost of goods sold.

Name: The choice of an inventory costing method usually has no impact on gross profit or cost of goods sold.
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The choice of inventory costing method can have a significant impact on gross profit and cost of goods sold, as each method can result in different values for ending inventory, which then affects the calculation of these metrics.

The Choice of an Inventory Costing Method Usually Has No