Which of the Following Inventory Costing Methods Yields the Lowest

question 107

Multiple Choice

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

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

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Definitions:

EVLN Model

Stands for Exit, Voice, Loyalty, and Neglect, which are four strategies employees may use in response to job dissatisfaction.

Active/Passive

Describes an individual's general approach towards life; active individuals tend to initiate actions and influence their environment, while passive individuals tend to be more reactive and less inclined to seek change.

EVLN Model

A framework describing four different responses individuals can have to dissatisfaction in organizational settings, which include Exit, Voice, Loyalty, and Neglect.

Active

Engaged in action; being in a state of movement, function, or operation.