Which of the Following Inventory Costing Methods Yields the Lowest

question 140

Multiple Choice

Which of the following inventory costing methods yields the lowest Ending inventory 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:

Standard Normal Distribution

The Standard Normal Distribution is a normal distribution with a mean of 0 and a standard deviation of 1, used in statistical analysis for z-scores.

Z Score

A statistical measurement that describes a value's relationship to the mean of a group of values, measured in terms of standard deviations from the mean.

Standard Normal Distribution

A distribution of a continuous random variable that is normalized, resulting in a mean of 0 and a standard deviation of 1.

Normal Probability Distribution

A standard normal distribution, often used in statistics to represent real-valued random variables of unknown distributions.