The Inventory Method Which Results in the Most Recent Cost

question 35

Multiple Choice

The inventory method which results in the most recent cost being assigned to cost of goods sold is:

• A)First-in,first-out.
• B)Last-in,first-out.
• C)Last-in,last-out.
• D)Moving average.

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Definitions:

Proximity Sensor

A sensor that detects the presence or absence of an object or its distance from the sensor without physical contact.

Solar Cell

A device that converts light into electrical energy through the photovoltaic effect, commonly used in solar panels for power generation.