Which inventory cost flow assumption best reflects the current value of inventory on the balance sheet?

Name: Which inventory cost flow assumption best reflects the current value of inventory on the balance sheet?
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Question

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FIFO (First-In, First-Out) best reflects the current value of inventory on the balance sheet because it assumes that the oldest inventory items are sold first, leaving the most recently acquired items, which are closer to current market value, in inventory.

Which Inventory Cost Flow Assumption Best Reflects the Current Value