In periods of falling prices, the inventory valuation procedure that results in the highest ending inventory value is

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In periods of falling prices, the LIFO method results in the highest ending inventory value because it assumes that the most recently purchased inventory is the first to be sold. This means that the ending inventory is valued at the most recent purchase price, which is typically higher than the average cost or FIFO cost.

In Periods of Falling Prices, the Inventory Valuation Procedure That