Which Inventory Cost Flow Method Assigns the Cost of the Most

question 198

Multiple Choice

Which inventory cost flow method assigns the cost of the most recent items purchased to ending inventory?

• A)specific identification
• B)weighted average cost
• C)FIFO
• D)LIFO

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Definitions:

Catfishing

A type of Internet harassment where some individual scams others into a false romantic relationship.

E-commerce

The activity of buying or selling goods and services online, through websites and applications.

C2C

Consumer to Consumer, or C2C, is a business model that facilitates the transaction of products or services between consumers through a third-party platform or marketplace, typically online.

B2C

Refers to Business to Consumer, a business model in which businesses sell products or services directly to consumers.