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