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See-Saw Ltd Uses Moving Weighted Average for Its Inventory,which Is

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See-Saw Ltd uses moving weighted average for its inventory,which is valued at $276 000.It is considering a change to FIFO,which would decrease the valuation to $245 000.Which of the following would be decreased by the change?


Definitions:

Blood

A vital fluid in the body that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Fluid

A substance that has no fixed shape and yields easily to external pressure; a gas or (especially) a liquid.

Formed Elements

Cellular components of blood, including red blood cells, white blood cells, and platelets, that are suspended in plasma.

Plasma

The liquid component of blood, in which blood cells are suspended, comprising about 55% of total blood volume.

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