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A business uses a perpetual inventory system. During periods of rising prices, the ending inventory using the FIFO cost formula will be: Select one: O

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A business uses a perpetual inventory system. During periods of rising prices, the ending inventory using the FIFO cost formula will be: Select one: O a higher than using the weighted average cost formula. O b. lower than using the weighted average cost formula, Oc indeterminable. Od the same as using the weighted average cost formula

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