Which of the Following Inventory Method Will Give the Highest

question 37

Multiple Choice

Which of the following inventory method will give the highest ending inventory in a period of falling prices?

• A)FIFO
• B)LIFO
• C)Specific Identification Method
• D)Weighted Average Cost

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Definitions:

Corporate Strategy

The overall plan and direction devised by the management of a company to achieve long-term business objectives.

Business Strategy

A plan of action designed by an organization to achieve its long-term goals and secure a competitive position in the market.

Product Domain

The complete range of products that a company creates or plans to offer within its market.

Long-term Direction

The strategic goals and visions set by an organization to guide its operations, development, and decision-making processes over an extended period.