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Assume That the Cost of Inventory Is Decreasing

Question 170

Essay

Assume that the cost of inventory is decreasing.
Required:
Fill in the blanks below with the words "higher" and "lower" to indicate which inventory costing method causes the value to be higher and which causes it to be lower.
Assume that the cost of inventory is decreasing. Required: Fill in the blanks below with the words higher and lower to indicate which inventory costing method causes the value to be higher and which causes it to be lower.

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