Question: I need help with this question. Thank you for your help. fffAnswer the fol lowing questions for management. {1} {21' {31' {4} {5} Which inventory

I need help with this question. Thank you for your help.

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\f\f\fAnswer the fol lowing questions for management. {1} {21' {31' {4} {5} Which inventory cost ow method produces the inventory amount that most closely approximates the amount that would have to be paid to replace the inventory? Which inventory cost ow method produces the net income amount that is a more likely indicator of next period's net income? Which inventory cost flow method is most likely to approxi mate the actual physical ow ofthe goods? How much more cash will be available under LIFO than under FIFO? How much ofthe gross prot under FIFO is illusory in comparison with the gross prot under LIFO

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