The Inventory Costing Method That Assigns the Most Recent Costs

question 59

Multiple Choice

The inventory costing method that assigns the most recent costs to cost of good sold is:

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

---

Definitions:

Inhospitable

Describes an environment that is extremely difficult for living organisms to survive in due to harsh conditions.

Inhospitable

Referring to environments that are harsh, difficult to live in, or unwelcoming to human settlement or certain forms of life.

Insecticide

Chemical substances used to kill or manage the population of insects, often employed in agriculture, public health, and homes.