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7. In a period of rising prices, which Inventory valuation method would result in the highest value in the following categories: (Label which METHOD for
7. In a period of rising prices, which Inventory valuation method would result in the highest value in the following categories: (Label which METHOD for each category.) COGS Ending Inventory Gross Profit 8. In a period of decreasing prices, which Inventory valuation method would result in the highest value in the (Label which method for each category.) following categories: COGS Ending Inventory Gross Profit
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