Which of the Following Inventory Method Will Give the Highest

question 37

Multiple Choice

Which of the following inventory method will give the highest ending inventory in a period of falling prices?

• A)FIFO
• B)LIFO
• C)Specific Identification Method
• D)Weighted Average Cost

---

Definitions:

Source

The origin or starting point of something, frequently used in reference to where information or materials come from.

Behavioural Component

The aspect of psychological theories or models that pertains to observable actions and responses to stimuli.

Positive Attitude

An outlook on life that involves focusing on the good and expecting positive outcomes.

Student Ambassador

A student chosen to represent and promote their school or university to potential students, visitors, and other external stakeholders.