Which Inventory Costing Method Would Not Be Appropriate for a Manufacturer

question 93

Multiple Choice

Which inventory costing method would not be appropriate for a manufacturer using a perpetual inventory system?

• A) First-in, first-out
• B) Last-in, first-out
• C) Average cost
• D) Dollar-value LIFO

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Definitions:

Saint-Étienne

A French city renowned for its historical contributions to the textile industry and notable for its modern design and art culture.

Crusades

In medieval Europe, armed pilgrimages aimed at recapturing the Holy Land from the Muslims.

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A prehistoric Paleolithic rock shelter located in France, famous for its archaeological significance and its association with the Magdalenian culture.

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A renowned example of Norman architecture located in Durham, England, celebrated for its historic and religious significance.