Which of the following variations of the retail inventory method would generally result in the lowest cost-to-retail ratio in a period of declining prices?

Question

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In a period of declining prices, FIFO (First-In, First-Out) would generally result in the lowest cost-to-retail ratio because it assumes that the oldest, higher-cost inventory is sold first, leaving the newer, lower-cost inventory in stock.

Which of the Following Variations of the Retail Inventory Method