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:

Spherical

Having the shape of a sphere; relating to or resembling a ball or globe.

Antifriction Bearings

Bearings designed to reduce friction between moving parts while supporting radial and axial loads, often using balls or rollers.

Bearing

A machine element that constrains relative motion to only the desired motion, reducing friction between moving parts.

Antifriction Bearings

A type of bearing designed to reduce friction between rotating parts by substituting sliding friction with rolling elements, such as balls or rollers.