equirement $4.$ Which method results in the largest gross$$ profit, and$$ why?

The

FIFO

method results in the largest gross profit because during times of

increasing

inventory$$ prices, this method will produce the

highest

cost of goods sold.

Themethod results in the largest gross profit because during times ofmethod results in the largest gross profit because during times ofinventory prices, this method will produce theinventory prices, this method will produce thecost of goods sold.

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