In a Period of Rising Prices,the Inventory Costing Method That

question 165

Multiple Choice

In a period of rising prices,the inventory costing method that assigns a value to inventory that approximates current cost is:

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

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To make a distinction in the treatment of different categories, especially on unjust grounds such as race, gender, age, or sexual orientation.

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