Question: If a company's ending inventory value is higher under FIFO when compared to LIFO, it may be because prices are increasing over time and under

If a company's ending inventory value is higher under FIFO when compared to LIFO, it may be because prices are increasing over time and under LIFO the higher-priced units remain in stock. the number of units increases with each purchase. prices are decreasing over time and under LIFO the lower-price units remain in stock. prices are increasing over time and under LIFO the lower-priced units remain in stock

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