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gOOvER gOOvER
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5 years ago
When prices are falling, the ending inventory balance reported on a FIFO basis is generally:
A) lower than on a weighted-average basis.
B) greater than on a weighted-average basis.
C) equal to ending inventory reported on a weighted-average 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


Edition: 9th
Authors:
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raovatallpyraovatallpy
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Posts: 444
5 years ago
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2 weeks ago
Thx
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