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In a period of rising prices Question 6 options: Gross profit under FIFO will be higher than under weighted - average cost Cost of goods
In a period of rising prices
Question options:
Gross profit under FIFO will be higher than under weightedaverage cost
Cost of goods sold under weightedaverage cost will be less than under FIFO
Weightedaveragecost inventory will be greater than FIFO inventory
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