Which Inventory Method Generally Results in Costs Allocated to Ending

question 66

Multiple Choice

Which inventory method generally results in costs allocated to ending inventory that will approximate their current cost?

• A)LIFO
• B)FIFO
• C)Average cost method
• D)Whichever method that produces the highest ending inventory figure

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Definitions:

Pointer Variable

A variable designed to hold the memory address of a different variable.

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A combination of variables, operators, and values that produces a result when evaluated.

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A pointer variable, often used in programming to reference the memory location of a number.

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Refers to the process of assigning an initial value to a variable or object at the time of its creation in programming.