Which inventory costing method results in the highest inventory balance during a period of rising purchase prices?

Question

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During a period of rising purchase prices, the FIFO (First-In, First-Out) inventory costing method typically results in the highest inventory balance. This is because the older, lower-cost items are recorded as sold first, leaving the newer, higher-cost items in inventory.

Which Inventory Costing Method Results in the Highest Inventory Balance