Generally,which Inventory Costing Method Approximates Most Closely the Current Cost

question 173

Multiple Choice

Generally,which inventory costing method approximates most closely the current cost for each of the following? $\begin{array}{|c|c|c|}\hline & \text { Ending Inventory } & \text { Cost of Goods Sold } \\\hline \text { A) } & \text { FIFO } & \text { LIFO } \\\hline \text { B) } & \text { LFO } & \text { LFO } \\\hline \text { C) } & \text { FIFO } & \text { FIFO } \\\hline \text { D) } & \text { LFO } & \text { FIFO } \\\hline\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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