Question: Assuming increasing prices, the inventory cost flow assumption used by Chipotle to value inventory results in: a . the same amount of net income on

Assuming increasing prices, the inventory cost flow assumption used by Chipotle to value inventory results in:
a.
the same amount of net income on the income statement as LIFO.
b.
more net income on the income statement than average cost.
c.
less net income on the income statement than LIFO.
d.
more net income on the income statement than LIFO.

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