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If prices have generally been rising over the last few years and inventory levels have been rising, which of the following would likely be true?a

If prices have generally been rising over the last few years and inventory levels have been rising, which of the following would likely be true?a. FIFO would give a higher cost of goods sold (COGS) than LIFOb. FIFO would give a lower COGS than LIFOc. FIFO would give a lower value for inventory than LIFOd. a and c

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