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3. Which of the following businesses is most likely to use a specific identification cost method? A. Hardware store B. Grocery store C. Car dealership

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3. Which of the following businesses is most likely to use a specific identification cost method? A. Hardware store B. Grocery store C. Car dealership D. Thrift shop 4. When prices are rising, which method of inventory, if any, will result in the hig inventory A. Weighted average B. FIFO C.LIFO . None of these; inventory methods cannot affect cash flows

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