Which of the Following Inventory Costing Methods Yields the Highest

question 103

Multiple Choice

Which of the following inventory costing methods yields the highest gross profit when costs are rising during the accounting period?

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

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Definitions:

Thickness

The measure of the dimension from one surface of an object to the opposite surface.

Deformed

Having an irregular or distorted shape or structure, often due to genetic factors, environmental conditions, or injury.

Broader

A term indicating a wider scope or more inclusive range of considerations or elements.

Smaller

Having lesser size, quantity, or magnitude compared to something else.