Which Inventory Costing Method Results in the Highest Inventory Balance

question 72

Multiple Choice

Which inventory costing method results in the highest inventory balance during a period of rising prices?

• A) LIFO
• B) Weighted average cost
• C) FIFO
• D) Both FIFO and LIFO result in the same inventory balance

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Definitions:

Communication Process

The series of steps through which information is transmitted from one individual or entity to another, typically involving a sender, message, medium, and receiver.

Receiver

In communication, the party who receives and interprets a message sent from a sender.

Source

A company or person who has information to convey during the communication process.

Channel of Communication

Refers to the medium through which a message is transmitted from sender to receiver.