Compared to the cost of replacing the inventory, during periods of rising prices the ending…

Zimt AG uses the FIFO method, and Nutmeg Inc. uses the LIFO method. Compared to the cost of replacing the inventory, during periods of rising prices the ending inventory balance reported by:

A. Zimt is too high.

B. Nutmeg is too low.

C. Nutmeg is too high.

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