Which of the Following Inventory Costing Methods Results in the Lowest

question 138

Multiple Choice

Which of the following inventory costing methods results in the lowest value of ending inventory during a period of rising inventory costs?

• A) specific identification
• B) weighted-average
• C) last-in, first-out
• D) first-in, first-out

---

Definitions:

Combust

To catch fire or burn; a process of burning or combustion.

Fusible Plug

A safety device consisting of a metal plug with a fusible alloy that melts at a specific temperature, used to release pressure or fluids to prevent damage or explosions.

Fire Safety

Practices and measures designed to prevent, mitigate, and ensure safety against fire hazards in various settings.

Underhood Fire

A fire that occurs within the engine compartment of a vehicle, often caused by electrical faults or leaks of flammable fluids.