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

Assuming increasing prices, the inventory cost flow assumption used by Target to value inventory results in:

a.

the same amount of net income on the income statement as FIFO.
b.

more net income on the income statement than average cost.
c.

less net income on the income statement than FIFO.
d.

more net income on the income statement than FIFO.

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