Question: 24. When prices are falling, the ending inventory balance reported on a FIFO basis is generally: (1 Point)Q A) lower than on a weighted-average basis.

24. When prices are falling, the ending inventory balance reported on a FIFO basis is generally: (1 Point)Q A) lower than on a weighted-average basis. B) greater than on a weighted-average basis. Q equal to ending inventory reported on a weighted-average basis. O D) equally likely to be higher or lower on a weighted-average basis as opposed to a FIFO basis

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