When Inventory Costs Are Declining,which of the Following Inventory Costing

question 92

Multiple Choice

When inventory costs are declining,which of the following inventory costing method will result in the lowest ending merchandise inventory?

• A) first-in, first-out
• B) last-in, first-out
• C) weighted-average
• D) specific identification

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Definitions:

Quadratic Polynomial

A polynomial of degree 2, typically in the form of ax^2 + bx + c.

Scientific Notation

A way of expressing numbers that are too big or too small to be conveniently written in decimal form, using powers of ten.

Binomial

An algebraic expression of the sum or the difference of two terms.

Degree 3

A polynomial of degree 3 is a polynomial that has the highest exponent of its variable(s) as 3.