Wish records supplies using the FIFO method. Assuming that there has been an average rate of inflation of 2.5 percent in recent years, if Wish used LIPO would they have reported a higher or lower increase in net assets than they did using FIFO?

Wish records supplies using the FIFO method. Assuming that there has been an average rate of inflation of 2.5 percent in recent years, if Wish used LIPO would they have reported a higher or lower increase in net assets than they did using FIFO?



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