Which of the Following Inventory Costing Methods Yields the Lowest

question 59

Multiple Choice

Which of the following inventory costing methods yields the lowest Cost of sales when costs are rising during the accounting period?

• A)Last- In, First- Out
• B)First- In, First- Out
• C)Specific- unit- cost
• D)Average- cost

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Definitions:

Hematocrit

refers to the proportion of blood volume that is occupied by red blood cells, a measure important in diagnosing and treating various conditions.

Males

Referring to the sex that produces small, mobile gametes (such as sperm in humans) which fertilize the larger gametes produced by females.

Females

Individuals of a species that are typically characterized by two X chromosomes, capable of producing eggs, and in many species can carry offspring through pregnancy and childbirth.

Hemostasis

Hemostasis is the physiological process by which bleeding ceases, involving blood vessel constriction, platelet plug formation, and blood clotting.