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Match each statement below with the appropriate inventory costing method. Select your answer by clicking...

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Accounting

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Match each statement below with the appropriate inventory costing method. Select your answer by clicking in the drop down box to the right of each statement. Answer choices may be used once, more than once, or not at all. This inventory costing method shows cost of goods sold on the income statement at the most current inventory costs during a period of inflation [Choose ] weighted average all methods would show the same amount LIFO FIFO [ Choose ] This inventory costing method results in the highest amount of income tax expense reported on the income statement during a period of deflation [ Choose ] This inventory costing method results in the highest amount of ending inventory during a period of deflation [ Choose ] This inventory costing method would report the highest amount of gross profit on the income statement during a period of inflation

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