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The size of the divergence between FIFO cost of goods sold and replacement cost of goods sold depends on the rapidity of the inventory turnover
The size of the divergence between FIFO cost of goods sold and replacement cost of goods sold depends on the rapidity of the inventory turnover and the:
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change in accounts receivable turnover
divergence of total asset turnover from previous periods.
severity of input cost change
rapidity of fixed asset turnover.
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