Which of the Following Inventory Costing Methods Yields the Highest

question 80

Multiple Choice

Which of the following inventory costing methods yields the highest net income during a period of rising inventory costs?

• A)Specific identification
• B)Weighted-average
• C)Last-in, first-out
• D)First-in, first-out

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Definitions:

Semiannually

Occurring or conducted twice a year.

Retired the Bonds

Retired the bonds means that a company has paid off the principal amount of the bonds before or at maturity, effectively extinguishing the debt.

Contract Rate

A predefined interest rate agreed upon in a financial contract which determines the interest payments for the duration of the contract.

Semiannually

A period occurring twice a year, typically used in the context of payments, interest accrual, or reporting.