Which Inventory Measurement Method Would Have the Most Recent Costs

question 16

Multiple Choice

Which inventory measurement method would have the most recent costs in cost of goods sold?

• A) First-in, first-out (FIFO)
• B) Last-in, first-out (LIFO)
• C) Weighted average
• D) Work-in-progress

---

Definitions:

Processing

The act of reflecting on and making sense of information, experiences, or emotions.

Receiving

The act of accepting or taking in something offered, often in the context of communication, goods, services, or ideas.

Sending

The act of delivering, dispatching, or transmitting information, messages, or goods from one place or person to another.

Reflection

The process of contemplating one's thoughts, feelings, and actions to learn or gain insights from experiences.