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ln a period of rising prices : a. gross profit under FIFO will be higher than under weighted-average cost b. weighted-average cost inventory will be

ln a period of rising prices :

a. gross profit under FIFO will be higher than under weighted-average cost

b. weighted-average cost inventory will be greater than FIFO inventory

c. cost of goods sold under weighted-average cost will be less than under FIFO

d. net income under weighted-average cost will be higher than under FIFO

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