Which of the Following Inventory Costing Methods Results in the Lowest

question 122

Multiple Choice

Which of the following inventory costing methods results in the lowest value of ending inventory 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:

Extrapolation

Extending past rates of change into the future.

Relevant Legislation

Laws and legal provisions that are pertinent to a particular situation, activity, or context, affecting how entities should operate or comply.

Economic Trends

Patterns or movements in the economy that indicate the general direction of economic growth, decline, or stability over a period.

Immediate Supervisors

The directly overseeing manager(s) or leader(s) in a workplace, responsible for day-to-day management and guidance of employees.