Of fifo or lifo, which method would produce the more favorable cash flow? fifo, because of it produces lower income tax expense fifo, because of it produces higher income tax expense lifo, because of it produces lower income tax expense lifo, because of it produces higher income tax expense no difference in cash flow

Gamegirl inc., has the following transactions during august. august 6 sold 76 handheld game devices for $230 each to ds unlimited on account, terms 2/10, net 60. the cost of the 76 game devices sold, was $210 each. august 10 ds unlimited returned six game devices purchased on 6th august since they were defective. august 14 received full amount due from ds unlimited. required: prepare the transactions for gamegirl, inc., assuming the company uses a perpetual inventory syste