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Jackson's inventory cost on the balance sheet was lower when using first-in, first-out than when using last-in, first-out. Assuming no beginning inventory, in which direction

Jackson's inventory cost on the balance sheet was lower when using first-in, first-out than when using last-in, first-out. Assuming no beginning inventory, in which direction did the cost of purchases move during the year?

a. Up.

b. Down.

c. Steady.

d. Cannot be determined.

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