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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

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 method results in the lowest balance sheet valuation of inventory?

A.
FIFO

B.
LIFO

C.
Specific Identification

D.
Weighted Average or Average Cost

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