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Comparing periodic LIFO and periodic FIFO, which method results in higher amounts of Cost of Goods Sold and Gross Profit in periods of rising prices)

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Comparing periodic LIFO and periodic FIFO, which method results in higher amounts of Cost of Goods Sold and Gross Profit in periods of rising prices) Select one: O a. Cost of Goods Sold Gross Profit FIFO FIFO O b. Cost of Goods Sold Gross Profit LIFO LIFO . Cost of Goods Sold Gross Profit FIFO LIFO O d. Cost of Goods Sold Gross Profit LIFO FIFO

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