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Assuming the following relationships for costs of inventories, in general, which inventory valuation method would result in the balance sheet showing the most favorable balance?
Assuming the following relationships for costs of inventories, in general, which inventory valuation method would result in the balance sheet showing the most favorable balance? 1991 is 1$, 1992 is 2$, and 1993 is 3$ O A. FIFO O B. LIFO O C. Weighted average O D. All of the above O E. None of the above
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