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Which one of the following inventory methods is the often the most impractical? Specific identification LIFO FIFO Average cost Using the weighted average method, ending

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Which one of the following inventory methods is the often the most impractical? Specific identification LIFO FIFO Average cost Using the weighted average method, ending inventory value is calculated by taking the total purchases divided by total units purchased to get an average cost per unit. Then these are multiplied by total units sold to get the Ending Inventory value. True False During periods of rising costs, LIFO generally results in lower ending inventory balance. True False

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