Which Inventory Costing Method Provides the Most Current,up-To-Date Cost of Inventory

question 154

Multiple Choice

Which inventory costing method provides the most current,up-to-date cost of inventory on the balance sheet?

• A)FIFO
• B)LIFO
• C)average cost
• D)specific identification

---

Definitions:

Technical Specialists

Professionals with deep expertise and knowledge in a specific technical area or field.

Analytical

A social style characterized by low responsiveness and assertiveness. Individuals with this social style are considered technical specialists; they enjoy working in technical positions.

Style Flexing

The process of adapting your communication to how others communicate.

Tailoring Communication

The practice of adjusting the style, tone, and content of communication to suit the specific audience or situation.