During a Period of Rising Prices, Which of the Following

question 94

Multiple Choice

During a period of rising prices, which of the following cost flow assumptions will result in the highest cost of goods sold?

• A)FIFO
• B)Net realizable value
• C)Average cost
• D)Specific identification

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Laptop

A portable personal computer with a clamshell form factor, suitable for mobile use and equipped with a keyboard and screen.

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Portable storage devices that use flash memory and connect to other devices via USB ports, used for storing and transferring data.

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A service model where data is maintained, managed, backed up remotely, and made available to users over a network, typically the internet.