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Question 30 45 pts During a period of rising inventory costs and stable inventory levels, the LIFO cost flow assumption produces: a, a smaller gross

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Question 30 45 pts During a period of rising inventory costs and stable inventory levels, the LIFO cost flow assumption produces: a, a smaller gross margin than FIFO b. a larger gross margin than FIFO Oc the same gross margin as FIFO Od a larger ending inventory than FIFO 4.5 pts

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