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If costs are rising, then...... a ) LIFO COGS is 'yreater or less than ) FIFO COGS b ) LIFO ending inventory is ( greater
If costs are rising, then......
a LIFO COGS is 'yreater or less than FIFO COGS
b LIFO ending inventory is
greater or less than FIFO ending
inventory
c Net Income for a company using LIFO will be
greater or less
than a company that uses FIFO
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