Which Inventory Costing Method Will Produce an Amount for Cost

question 63

Multiple Choice

Which inventory costing method will produce an amount for cost of goods sold that is closest to current market value?

• A)Weighted average.
• B)Specific identification.
• C)FIFO.
• D)LIFO.

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Definitions:

Punishment

A consequence that decreases the likelihood of a behavior being repeated, often implemented to discourage undesirable actions.

Punishment Strategy

A behavioral approach aimed at reducing undesirable actions by introducing negative consequences or removing positive stimuli.

Continuous

Referring to processes or operations that proceed without interruption or breaks.

Intermittent

Occurring at irregular intervals; not continuous or steady.