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harra harra
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6 years ago
When prices are rising, the cost of goods sold on the income statement reported on a weighted-average basis is generally:
A) lower than on a FIFO basis.
B) equal to ending inventory reported on a FIFO basis.
C) greater than on a FIFO basis.
D) equally likely to be higher or lower on a weighted-average basis as opposed to a FIFO basis.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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harra Author
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#2
6 years ago
thank you × a million
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