Question: When inventory prices are declining, the weighted-average method will generally result in a _______. A. lower owner's equity balance than FIFO B. higher cost of

When inventory prices are declining, the weighted-average method will generally result in a _______.

A.

lower owner's equity balance than FIFO

B.

higher cost of goods sold than FIFO

C.

higher ending inventory value than FIFO

D.

lower gross margin than FIFO

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