In a Period of Rising Prices,the Inventory Costing Method That

question 45

Multiple Choice

In a period of rising prices,the inventory costing method that will tend to smooth out erratic changes in costs is

• A)FIFO.
• B)LIFO.
• C)Weighted average.
• D)Specific identification.

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Definitions:

Sand

Fine, granular material, composed mainly of rock and mineral particles, prevalent in deserts, beaches, and riverbeds, used in construction and manufacturing.

Silt

Fine particles of rock and soil carried by water, often settling at the bottom of bodies of water.

Mycorrhizae

Symbiotic relationships between fungi and the roots of plants, aiding in nutrient and water absorption.

Fungus-Root Associations

Symbiotic relationships between fungi and plant roots that enhance nutrient absorption for the plant.