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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each description to

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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each description to the appropriate cost flow assumption. Clear All Never results in either the highest or lowest possible net income FIFO Produces the highest gross profit when costs are decreasing Weighted average Produces the highest ending inventory when costs are increasing LIFO Assigns the same value to all inventory units

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