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5) Which of the following inventory costing methods yields the highest income when costs are rising...

5) Which of the following inventory costing methods yields the highest income when costs are rising during the accounting period?

A) Specific-unit-cost

B) Average-cost

C) Last-In, First-Out

D) First-In, First-Out

Which of the following inventory costing methods yields the lowest income when costs are rising during the accounting period?

A) Specific-unit-cost

B) Average-cost

C) Last-In, First-Out

D) First-In, First-Out

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