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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: Multiple Choice
If Star Company uses the weighted average method of costing inventory and the periodic inventory method and prices are rising during the period: Multiple Choice
None of the other alternatives are correct.
The weighted average method can be used for units but not for colting .
Ending inventory will be valued at less then if LIFO were used.
Since is 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.
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