Which of the Following Inventory Costing Methods Yields the Lowest

question 93

Multiple Choice

Which of the following inventory costing methods yields the lowest cost of goods sold 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:

Chromosomes

Structures within cells that consist of DNA and protein and contain the genes.

Metaphase

A stage of cell division in which chromosomes align in the middle of the cell before being separated into each of the two daughter cells.

Mitochondrion

An organelle found in large numbers in most cells, involved in energy production.

Axons

Long nerve fibers that transmit signals from the body of a neuron to other cells.