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  3. Study Set
    Financial Accounting for MBAs
  4. Exam
    Exam 6: Inventory, Accounts Payable, and Long-Term Assets
  5. Question
    In General, in a Period of Falling Prices, LIFO Produces
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In General, in a Period of Falling Prices, LIFO Produces

Question 19

Question 19

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In general, in a period of falling prices, LIFO produces higher gross profits than FIFO.

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