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need help here 4 points When the cost of inventory is increasing: LIFO shows lower COGS and lower taxable income FIFO shows higher taxable income
need help here points When the cost of inventory is increasing: LIFO shows lower COGS and lower taxable income FIFO shows higher taxable income and higher COGS FIFO shows higher COGS and lower taxable income LIFO shows higher COGS and lower taxable income 
need help here
points
When the cost of inventory is increasing:
LIFO shows lower COGS and lower taxable income
FIFO shows higher taxable income and higher COGS
FIFO shows higher COGS and lower taxable income
LIFO shows higher COGS and lower taxable income
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