If Inventory Prices Are Rising the Method of Inventory Valuation

question 18

Multiple Choice

If inventory prices are rising the method of inventory valuation that gives the highest profit and the highest ending inventory is:

• A)Weighted average
• B)Periodic method
• C)FIFO
• D)LIFO

---

Definitions:

Christianity

A monotheistic religion based on the life and teachings of Jesus Christ, emphasizing salvation through faith, the Trinity, and the scripture of the Bible.

Older People

Individuals typically characterized by an advanced age, often defined legally or socially as people who are at or beyond the retirement age in their society.

Religious Services

Ceremonies or rituals conducted in honor or worship of a divine entity or entities, often held in dedicated spaces like churches, mosques, or temples.

Hinduism

A major world religion that originated on the Indian subcontinent, characterized by a belief in reincarnation, karma, a multitude of gods and goddesses, and a pursuit of dharma (righteous living).