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9 When inventory prices are increasing, the LIFO inventory costing method will yield a GROSS PROFIT that is: O less than the gross profit under
9 When inventory prices are increasing, the LIFO inventory costing method will yield a GROSS PROFIT that is: O less than the gross profit under the FIFO method. Ohigher than the gross profit under the FIFO method. O equal to the cost of goods sold under the FIFO method. O equal to the gross profit under the FIFO method
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