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  3. during a period of falling costs, which inventory

During a period of falling costs, which inventory method results in a lower cost of...

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Question

Accounting

  1. During a period of falling costs, which inventory method results in a lower cost of goods sold?
  1. FIFO
  2. Weighted average
  3. Cost of goods sold will be the same under either method
  4. Impossible to determine.

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