The Inventory Costing Method That Reports the Earliest Costs in Ending

question 4

Multiple Choice

The inventory costing method that reports the earliest costs in ending inventory is

• A) FIFO
• B) LIFO
• C) Average cost
• D) Specific identification

---

Definitions:

Negative Correlation

A correlation between two variables where one's gain is the other's loss.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, and vice versa.

Direct Correlation

A positive relationship between two variables such that as one variable increases, the other also increases.

Strong Relationship

A significant and intense association or correlation between two or more variables in a study or analysis.