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When inventory prices are declining, the weighted-average method will generally result in a _______. A. lower owner's equity balance than FIFO B. higher cost of
When inventory prices are declining, the weighted-average method will generally result in a _______.
A.
lower owner's equity balance than FIFO
B.
higher cost of goods sold than FIFO
C.
higher ending inventory value than FIFO
D.
lower gross margin than FIFO
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