The inventory allocation method that assigns the most recent costs to ending inventory and the oldest costs to cost of goods sold is the ________.
A) specific identification method
B) LIFO method
C) moving-average method
D) FIFO method

Question

Quizplus · Accepted Answer

The Answer of The inventory allocation method that assigns the most recent costs to ending inventory and the oldest costs to cost of goods sold is the ________.
A) specific identification method
B) LIFO method
C) moving-average method
D) FIFO method

The Inventory Allocation Method That Assigns the Most Recent Costs