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

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

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