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Which of the following statements about inventory is correct? a. If Inventory is overstated in one period, COGS will be overstated in the following period

Which of the following statements about inventory is correct? a. If Inventory is overstated in one period, COGS will be overstated in the following period b. LIFO and FIFO will always produce different COGS and Inventory values no matter what c. If COGS are overstated, inventory must be overstated

Why is the answer A? Please explain!

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