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4 Which inventory valuation method would yield the lowest cost of goods sold in periods of rising prices? O None of the answers O FIFO

4 Which inventory valuation method would yield the lowest cost of goods sold in periods of rising prices? O None of the answers O FIFO O Weighted-Average O Specific identification QUESTION 5 Hawk Company establishes a $600 petty cash fund on September 9. The journal entry to establish the fund is Dr cash account and Cr petty cash account; 600 Dr petty cash expense account and Cr petty cash account; 600 O Dr petty cash account and Cr petty cash expense account; 600 Dr petty cash account and Cr cash account; 600

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