Question: Using either the FIFO or LIFO cost flow assumption will result in the same cost of goods sold when A. the number of units in

Using either the FIFO or LIFO cost flow assumption will result in the same cost of goods sold when

A.

the number of units in beginning inventory and ending inventory are the same
B.

two consecutive years are combined
C.

the selling price of the goods does not change
D.

lower-of-cost-or-market is applied
E.

None of the above

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