Question: Q3. If inventory prices are decreasing over time, then using LIFO will give you [ a lower, the same, a higher ] net income than

Q3. If inventory prices are decreasing over time, then using LIFO will give you ["a lower", "the same", "a higher"] net income than using FIFO this period, and using LIFO will give you ["a lower", "a higher", "the same"] ending inventory dollar amount than using FIFO this period. (You can assume you'll have ending inventory left over this month.)

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