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For a year of falling prices and steady or increasing inventory levels, firms that use LIFO will have __________ than firms that use FIFO. A.
For a year of falling prices and steady or increasing inventory levels, firms that use LIFO will have __________ than firms that use FIFO. A. lower inventory turnover and lower ending inventory B. lower inventory turnover and higher ending inventory C. higher inventory turnover and lower ending inventory D. higher inventory turnover and higher ending inventory
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