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4. IN YOUR OWN WORDS describe how the statement of earnings will be impacted (specifically the net earnings) if a company utilizes weighted average cost

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4. IN YOUR OWN WORDS describe how the statement of earnings will be impacted (specifically the net earnings) if a company utilizes weighted average cost versus FIFO to value their inventory. Be specific how net earnings will be impacted in periods of rising prices AND falling prices (4 marks)

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