Question: From 2 0 1 9 through 2 0 2 2 , inventory levels are stable and costs are rising. Cost of goods sold will be:

From 2019 through 2022, inventory levels are stable and costs are rising. Cost of goods sold will be:
Multiple Choice
Higher under FIFO than LIFO.
Higher under FIFO than average cost.
Lower under average cost than LIFO.
Lower under LIFO than FIFO.

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