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  3. a. during periods of rising prices the fifo invent

A. During periods of rising prices the FIFO inventory costing method will have a lower...

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Accounting

A. During periods of rising prices the FIFO inventory costing method will have a lower ending inventory than the LIFO inventory costing method.
B. Cost of Goods Sold is updated each time a sale of merchandise occurs.
C. The weighted average cost inventory costing method assigns a higher cost per unit to cost of goods solc than to items remaining in inventory.
D. Loss is debited at the end of the accounting period to adjust for the difference in the general ledger balance of inventory and the actual physical count of inventory.
E. None of the above statements are true.
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