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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 29, 2016



Title: In a period of rising costs, the first-in, first-out (FIFO) method results in lower cost of goods ...
Post by: H3Ko on Aug 29, 2016
In a period of rising costs, the first-in, first-out (FIFO) method results in lower cost of goods sold and higher gross profit than the last-in, first-out (LIFO) method.
A) True
B) False


Title: Re: In a period of rising costs, the first-in, first-out (FIFO) method results in lower cost of ...
Post by: .unplugged. on Aug 29, 2016
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Title: Re: In a period of rising costs, the first-in, first-out (FIFO) method results in lower cost of goods ...
Post by: H3Ko on Oct 12, 2016
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.