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Question 1.41 Which inventory costing method is generally used to account for goods that are individually expensive and unique? O Specific Identification O FIFO OWeighted Average Question 1.42 Which inventory costing method assigns the earliest units purchased to cost of merchandise sold? O FIFO 0 Specific identification O LIFO O Weighted average Question 1.43 In a period of rising prices, which inventory valuation method will result in the lowest taxable income? LIFO FIFO O Specific identification O Weighted average