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If product costs are increasing over time then which of the following will be true? ACOGS will be higher if LIFO is used rather than

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If product costs are increasing over time then which of the following will be true? ACOGS will be higher if LIFO is used rather than the AC (average cost) method. B. The cost of ending inventory will be greater if FIFO is used rather than LIFO. c. The gross profit will be greater if FIFO is used rather than LIFO. D. All of the above are true

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