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During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory system under

During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory system under which of the following inventory cost flow methods

  1. FIFO: Yes, LIFO: No
  2. FIFO: Yes, LIFO: Yes
  3. FIFO: No, LIFO: Yes
  4. FIFO: No, LIFO: No

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