In periods of rising prices

In periods of rising prices - higher net income than FIFO....

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In periods of rising prices, LIFO will produce: higher net income than average costing. the same net income as FIFO.
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Unformatted text preview: higher net income than FIFO. lower net income than FIFO....
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This note was uploaded on 01/04/2012 for the course ACCOUNTING ac 201 taught by Professor - during the Spring '11 term at Montgomery.

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