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Which of the following is false regarding the LIFO inventory method? Select one: A. A grocery store cannot choose to account for the flow of
Which of the following is false regarding the LIFO inventory method? Select one: A. A grocery store cannot choose to account for the flow of inventory using the LIFO method because this doesn't match the actual flow of its inventory. O O B. Companies selling non-perishable products must use the LIFO method. C. LIFO under a perpetual inventory system results in the same cost of goods sold as LIFO under a periodic inventory system. D. All of the above choices are correct answers to this question. O
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