Generally,which Inventory Costing Method Approximates Most Closely the Current Cost

question 83

Multiple Choice

Generally,which inventory costing method approximates most closely the current cost for each of the following?

• A)LIFO for cost of goods sold,FIFO for ending inventory
• B)LIFO for cost of goods sold and ending inventory
• C)FIFO for cost of goods sold and ending inventory
• D)FIFO for cost of goods sold,LIFO for ending inventory