Question: D Question 31 4.75 pts When inventory prices are decreasing the LIFO inventory costing method will yield a GROSS PROFIT that is: O higher than

D Question 31 4.75 pts When inventory prices are decreasing the LIFO inventory costing method will yield a GROSS PROFIT that is: O higher than the gross profit under the FIFO method equal to the gross profit under the FIFO methost equal to the cost of goods sold under the FIFO method less than the gross proht under the FIFO method

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