To Determine the Cost of Ending Inventory Under the LIFO

question 62

Multiple Choice

To determine the cost of ending inventory under the LIFO method:

• A)the latest purchase costs are used.
• B)the specific unit cost of the inventory is used.
• C)the average cost of the inventory is used.
• D)the beginning inventory and earliest purchase costs are used.

---

Definitions:

IgA

Immunoglobulin A, a type of antibody that plays a crucial role in the immune function of mucous membranes.

IgE

Immunoglobulin E, a type of antibody that plays a crucial role in the body's immune response to allergens, initiating allergic reactions.

IgM

Immunoglobulin M (IgM) is a type of antibody that is produced by the body's immune system in response to a foreign antigen.

IgD

IgD is a class of antibodies (immunoglobulins) that plays a crucial role in the immune system, mainly found on the surface of immature B cells.