Match Each Description to the Appropriate Cost Flow Assumption (A-C)

question 6

Multiple Choice

Match each description to the appropriate cost flow assumption (a-c) .
-Produces the highest ending inventory when costs are increasing

• A)FIFO
• B)LIFO
• C)Weighted average

---

Definitions:

Answering Honestly

The act of providing truthful and accurate responses in a communication setting.

Creative Thinking

The process of thinking in new and original ways to solve problems or generate new ideas.

Extremely Rare

A term used to describe something that occurs or exists very infrequently or in very few instances.

Sense of Humor

The ability to perceive, enjoy, or express what is amusing, comical, incongruous, or absurd.