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Corey Company's inventory costs tend to increase over time. For example, Corey's beginning inventory had a cost of $1 per unit, and its most recently

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Corey Company's inventory costs tend to increase over time. For example, Corey's beginning inventory had a cost of $1 per unit, and its most recently acquired inventory had a cost of $1.20 per unit. Which inventory cost flow assumption will provide Corey Company with the highest gross profit? Select one: a. Specific identification b. FIFO c. LIFO d. Average Cost

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