Which Method Assigns the Cost of the Most Recent Items

question 197

Multiple Choice

Which method assigns the cost of the most recent items purchased to ending inventory?

• A) LIFO
• B) FIFO
• C) Specific identification
• D) Weighted average cost

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Definitions:

Brain's Cells

Also known as neurons, these are the primary cells in the brain responsible for transmitting information through electrical and chemical signals.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and transmits neural signals between the brain and the rest of the body.

Supportive Tissue

Biological tissue that provides structural and metabolic support to cells and organs within the body, including types such as bone, cartilage, and connective tissue.

Central Back

This term is not specific to a widely recognized concept in psychology or biology; it may refer to the central part of the back in an anatomical context.