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During periods of rising costs, which inventory cost method, if any, results in higher ending inventory values (and lower cost of goods sold)? Question 5

During periods of rising costs, which inventory cost method, if any, results in higher ending inventory values (and lower cost of goods sold)?

Question 5 options:

It cannot be determined which will result in higher ending inventory values in periods of rising costs.

FIFO.

Weighted-Average.

LIFO.

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