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Three companies report the same cost of goods available for sale, but each employs a different inventory costing method. If the price of goods has increased during the period, then the company using _____.

a) LIFO will have the highest ending inventory

b) FIFO will have the highest cost of goods sold

c) All three companies will have the same value for ending inventory.

d) average cost will have an ending inventory value that falls between FIFO and LIFO

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