Which of the Following Inventory Costing Methods Yields the Highest

question 101

Multiple Choice

Which of the following inventory costing methods yields the highest ending inventory 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:

Data Set

A collection of data points or values related to a subject.

Leaf

In the context of data representation, a part of a stem-and-leaf plot representing the smallest significant digit of data points.

Stem-and-Leaf Display

A graphical method used to represent quantitative data where each data value is split into a "stem" (the leading digit(s)) and a "leaf" (the last digit).

Test Scores

Numeric values that represent an individual's performance on assessments.