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If Star Company uses the weighted average method of costing inventory and the periodic inventory method and prices are rising during the period: Ending Inventory
If Star Company uses the weighted average method of costing inventory and the periodic inventory method and prices are rising during the period:
Ending Inventory will be valued at less than if LIFO were used
Since it uses the periodic method it must take into account the chronological order of purchases and sales
Ending inventory will be valued at more than if FIFO were used
The weighted average method can be used for units but not for costing
None of the above are correct
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