In a time of increasing inventory costs, FIFO gives us a higher COGS number compared to the weighted average method.

Name: In a time of increasing inventory costs, FIFO gives us a higher COGS number compared to the weighted average method.
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In a time of increasing inventory costs, FIFO (First In, First Out) typically results in a lower cost of goods sold (COGS) compared to the weighted average method because it assumes that the oldest (and often cheaper) inventory is sold first.

In a Time of Increasing Inventory Costs, FIFO Gives Us