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FIFO is considered a balance sheet approach for reporting inventory because it: A) better approximates inventory cost necessary to generate revenue B) always result in
FIFO is considered a balance sheet approach for reporting inventory because it:
A) better approximates inventory cost necessary to generate revenue
B) always result in a lower amount of inventory being reported
C) always result in a higher amount of inventory being reported
D) better approximates the value of ending inventory
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