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Laurenrees98 Laurenrees98
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Posts: 342
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5 years ago
Assume inventory costs are increasing over time and inventory levels are stable. Which inventory method results in a higher net income and a higher ending inventory?
A) FIFO
B) average cost
C) LIFO
D) conventional retail
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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wrote...
5 years ago
 A
Laurenrees98 Author
wrote...
5 years ago
Electric Light Bulb Correct, thanks!
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