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  3. when production exceeds sales and the company uses the lifo...

Question: when production exceeds sales and the company uses the lifo...

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A) per unit Slo 3) When production exceeds sales and the company uses the LIFO inventory flow assumption, the net operating income reported under absorption costing generally will be: A) equal to net operating income reported under variable costing. less than net operating income reported under variable costing. Do higher or lower because no generalization can be made. 23)
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