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Varoom sells batteries with a 2-year shelf life. The batteries all look alike and cannot be distinguished from one another . Varoom expects the cost
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Varoom sells batteries with a 2-year shelf life.The batteries all look alike and cannot be distinguished from one another. Varoom expects the cost of the batteries to increase gradually over time. Which methodcannotbe used by Varoom for financial reporting purposes, based on the description above?
A. FIFO
B. LIFO
C. Specific Identification
D. Weighted Average or Average Cost
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