When comparing the results of LIFO and FIFO when inventory costs are decreasing: A. ending inventory will be higher using LIFO. B. cost of goods sold will be higher using LIFO. C. ending inventory will be higher using FIFO. D. cost of goods sold will be lower using FIFO.
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Home » Business » When comparing the results of LIFO and FIFO when inventory costs are decreasing: A. ending inventory will be higher using LIFO. B. cost of goods sold will be higher using LIFO. C. ending inventory will be higher using FIFO. D.