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Which of the following is not a disadvantage of LIFO versus FIFO over a period of generally rising inventory costs? LIFO ending inventory values can

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Which of the following is not a disadvantage of LIFO versus FIFO over a period of generally rising inventory costs? LIFO ending inventory values can be significantly outdated. LIFO does not normally reflect the actual physical flow of the goods. OThe cost of goods sold under LIFO contains higher, more current costs than FIFO. LIFO can cause companies to incur huge tax costs if they dip into old LIFO layers

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