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Xu CorpStarted Business at the Beginning of 2016

Question 136

Multiple Choice

Xu Corp.started business at the beginning of 2016.Xu selected the FIFO method for its inventory.In order to maximize its profits for 2016 under this method, prices must be


A) Stable
B) Decreasing
C) Increasing
D) Fluctuating up and down at the same amount consistently over the year

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