Which One of the Following Cost-Flow Assumptions Provides the Lowest

question 21

Multiple Choice

Which one of the following cost-flow assumptions provides the lowest inventory value in periods of rising prices?

• A)FIFO periodic
• B)LIFO periodic
• C)FIFO perpetual
• D)moving average

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Definitions:

Procedural Memory

A type of long-term memory responsible for knowing how to perform different actions and skills, essentially the memory of how to do things.

Explicit Memory

Consciously recalled or recollected memory.

Encoding Variability

A principle that suggests variations in the context of learning can enhance the memory of the information learned.

Spacing Effect

A phenomenon in which recall of material that is presented repeatedly is superior when the presentations are some time apart rather than immediately following one another.