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Assuming no beginning inventory, what can be said about the trend of inventory prices, when gross profit using LIFO inventory method exceeds gross profit using

Assuming no beginning inventory, what can be said about the trend of inventory prices, when gross profit using LIFO inventory method exceeds gross profit using the FIFO inventory method?

Price trend cannot be determined from information given.

Prices decreased.

Prices increased.

Prices remain unchanged.

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