Question: Under the LIFO retail method, we determine that a new layer of inventory has been added during the period if the ending inventory at retail

Under the LIFO retail method, we determine that a new layer of inventory has been added during the period if
the ending inventory at retail is greater than the beginning inventory at retail.
the ending inventory at retail is less than the beginning inventory at retail.
the ending inventory at retail is greater than the beginning inventory at cost.
Under the LIFO retail method, we determine that a

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