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Like many technology companies, Cinnamon Corp. operates in an environment of steadily declining prices. Its reported profits will tend to be highest if it accounts

  1. Like many technology companies, Cinnamon Corp. operates in an environment of steadily declining prices. Its reported profits will tend to be highest if it accounts for inventory using:
    1. FIFO
    2. LIFO
    3. Weighted Average Cost
    4. Specific Identification

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