Which Inventory Costing Method Results in the Oldest Costs in Ending

question 139

Multiple Choice

Which inventory costing method results in the oldest costs in ending inventory?

• A)Average cost
• B)Last-In, First-Out
• C)First-In, First-Out
• D)Average-In, First-Out

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Definitions:

Unconscious Origin

Refers to the source or cause of thoughts, feelings, or behaviors that reside outside the individual's conscious awareness.

Defense Mechanisms

Unconscious psychological strategies employed to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Reaction Formation

A defense mechanism where an individual behaves in a manner opposite to their genuine impulses, often due to guilt or social acceptability.

Repressed Hostilities

Hostile feelings or aggressive impulses that have been unconsciously suppressed or held back from conscious awareness.