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(5pts) We discussed a number of cost flow methods and reasons why a company would choose one option over another. In periods of rising costs

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(5pts) We discussed a number of cost flow methods and reasons why a company would choose one option over another. In periods of rising costs for your units of inventory why would a company choose to use LIFO? Please answer in terms of specific accounts/totals on the Income Statement and the Balance Sheet. (Bullets are fine)

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