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Given the following two inventory costing methods - FIFO and Weight Average, when inventory costs are increasing, explain which method would result in higher ending

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Given the following two inventory costing methods - FIFO and Weight Average, when inventory costs are increasing, explain which method would result in higher ending inventory balance and higher gross profit. Given the following two inventory costing methods - FIFO and Weight Average, when inventory costs are increasing, explain which method would result in higher ending inventory balance and higher gross profit

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