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

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3. Which of the following businesses is most likely to use a specific identification cost to 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 highest ending inventory? A. Weighted average. B. FIFO C. LIFO . None of these; inventory methods cannot affect cash flows

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