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Business, 23.11.2019 11:31 xXwolfieplayzXx

When inventory costs are decreasing, the lifo costing method will generally result in:

a. the same inventory value as fifo.

b. a higher gross profit than under fifo.

c. a lower gross profit than under fifo.

d. a lower inventory value than under fifo?

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Answers: 1

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When inventory costs are decreasing, the lifo costing method will generally result in:

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