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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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