$1.$ The major difference between IFRS and US GAAP in accounting for inventories is that:

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a$)$ US GAAP prohibits the use of specific identification.

b$)$ IFRS requires the use of the LIFO cost flow assumption.

c$)$ US GAAP prohibits the use of the LIFO cost flow assumption

d$)$ US GAAP allows the use of the LIFO cost flow assumption.

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