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If costs are increasing which method would yield the

Inventory valuation methods determine the cost of goods sold and the inventory balance reported by companies. Companies use FIFO, LIFO, Weighted Average and Specific identification.

1) If costs are increasing, which method would yield the highest gross profit? Why?

2) Which method comes closest to matching current costs and revenues? Why?

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Accounting Basics: If costs are increasing which method would yield the

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