Which Inventory Costing Method Most Closely Approximates Current Cost for Ending

question 43

Multiple Choice

Which inventory costing method most closely approximates current cost for ending inventory?

• A)Average
• B)FIFO
• C)LIFO
• D)Specific identification

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Definitions:

Debt Investments

Investments made through the purchase of bonds, notes, or other financial instruments that obligate the issuer to pay the investor fixed or variable interest payments and to repay the principal at maturity.

Maturity Date

The specified date on which the final payment of a loan, bond, or financial agreement is due to be paid.

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically involving predefined interest payments and return of principal at maturity.

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks, which provide an equity stake to investors.