Choose the Statement Which Is Correct

question 6

Multiple Choice

Choose the statement which is correct. Assume that inventory prices are rising.

• A) The LIFO method gives the lowest figure for cost of sales.
• B) The FIFO method gives the lowest closing inventory figure in the balance sheet.
• C) The FIFO method gives the highest closing inventory figure in the balance sheet.
• D) The LIFO method gives the highest closing inventory figure in the balance sheet.

---

Definitions:

Hemoglobin Molecules

Oxygen-carrying proteins located in red blood cells, consisting of four subunits, each containing an iron atom that binds oxygen, allowing blood to transport oxygen throughout the body.

Polyploidy

The condition of having more than two complete sets of chromosomes in an organism, common in plants and some animal species.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of deoxyribonucleic acid (DNA).

Homozygote Advantage

A situation where individuals with two identical alleles for a certain gene have a selective advantage over heterozygotes.