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When comparing the weighted average and FIFO inventory cost formulas during a period of rising...

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Accounting

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When comparing the weighted average and FIFO inventory cost formulas during a period of rising inventory unit costs, which of the following statements is correct? Select one: O a. FIFO will result in a higher cash flow O b. Weighted average will result in a higher ending inventory ($) on the balance sheet Oc. The method used will not change either profit or ending inventory O d. FIFO will result in a lower reported profit O e. Weighted average will result in a lower reported profit

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