Question: 2 . Which method yields the highest gross profit? 3 . Does gross profit using weighted average fall between that using FIFO and LIFO? 4

2. Which method yields the highest gross profit?
3. Does gross profit using weighted average fall between that using FIFO and LIFO?
4. If costs were rising instead of falling, which method would yield the highest gross profit?
2. Which method yields the highest gross profit?FIFO3. Does gross profit using weighted average fall between that using FIFO and LIFO?4. If costs were rising instead of falling, which method would yield the highest gross profit?

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