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Complete the following table by indicating wich inventory costing (FIFO or LIFO) would lead to the effect noted in the rows, for each circumstances described

Complete the following table by indicating wich inventory costing (FIFO or LIFO) would lead to the effect noted in the rows, for each circumstances described in the columns.

1.Rising Costs 2.Decling Costs
a.lowest net income
b.lowest ending inventory

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