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Acme Supply Company is a retailer operating in an industry that typically experiences inflation (rising costs). Acme wants the most realistic cost of goods sold.

Acme Supply Company is a retailer operating in an industry that typically experiences inflation (rising costs). Acme wants the most realistic cost of goods sold. Which inventory costing method should Acme consider using? O FIFO because the cost of goods sold represents the earliest costs Average-cost because all inventory costs will then represent an average amount Specific identification is the most realistic method because it involves the actual costs O LIFO because the cost of goods sold represents the latest costs

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