Which of the Following Inventory Costing Methods Yields the Lowest

question 51

Multiple Choice

Which of the following inventory costing methods yields the lowest 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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GM Stock

Equity shares of General Motors Company, traded on stock exchanges.

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Futures contracts that are set to expire in the month of December, often traded for commodities or financial instruments.

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A natural fiber and a commodity traded globally, used primarily in the textile industry.

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The financial result of a company’s operations and activities for a specific period, indicating the difference between revenues and expenses.