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Question 15 Assuming an inflationary environment where costs are always increasing, which cost flow assumption gives you the highest COGS? FIFO Both FIFO and

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Question 15 Assuming an inflationary environment where costs are always increasing, which cost flow assumption gives you the highest COGS? FIFO Both FIFO and LIFO LIFO Weighted Average Question 16 Assuming an inflationary environment where costs are always increasing, which cost flow assumption gives you the highest Net Income? Weighted Average LIFO FIFO O Specific Identification" 0.25 pts 0.25 pts

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