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If our suppliers increase the cost we have to pay to buy inventory over a given period of time, which method, FIFO or LIFO, would

If our suppliers increase the cost we have to pay to buy inventory over a given period of time, which method, FIFO or LIFO, would result in a higher Gross Profit? Or would Gross Profit be the same under each method? Assume that we do NOT change our sales price at all.

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