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In periods of rising costs, which one of the following inventory cash flow assumptions will result in higher cost of sales? A. First-in, first-out. B.
| In periods of rising costs, which one of the following inventory cash flow assumptions will result in higher cost of sales? | |
| A. | First-in, first-out. |
| B. | Last-in, first-out. |
| C. | Weighted average. |
| D. | Moving average. |
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