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Module 6 Discussion If inventory is being valued at cost and the price level is...

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Accounting

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Module 6 Discussion If inventory is being valued at cost and the price level is decreasing, which of the three methods of costing - FIFO, LIFO, or weighted average cost--will yield (a) the highest inventory cost. (b) the lowest inventory cost. (c) the highest gross profit, and (d) the lowest gross profit? Discussion boards are collaborative learning experiences. Therefore, you are required to provide a thread in response to the provided prompt for each forum. In addition to the thread, you are required to reply to 2 other classmates' threads. Briefly summarize your classmate's response and then indicate if you have any areas of agreement or disagreement

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