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  3. 5. during a period of consistently rising prices,

5. During a period of consistently rising prices, the method of inventory that will result...

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Accounting

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5. During a period of consistently rising prices, the method of inventory that will result in reporting thegreatest cost of merchandise sold is a. FWO b. LIFO c. average cost d. weighted average 6. If merchandise inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield the largest net income? a. average cost b. LIFO c. FIFO d. weighted average

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