If Prices Are Rising,which Inventory Cost Flow Method Will Produce

question 58

Multiple Choice

If prices are rising,which inventory cost flow method will produce the lowest amount of cost of goods sold?

• A)LIFO
• B)FIFO
• C)Weighted average
• D)LIFO,FIFO,and the weighted-average inventory cost flow methods will all produce equal amounts of cost of goods sold.

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Definitions:

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