The LIFO inventory method produces the most up-to-date figure for ending inventory.

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The FIFO (first-in, first-out) method produces the most up-to-date figure for ending inventory because it assumes that the oldest items are sold first, so the remaining inventory consists of the newest items. LIFO (last-in, first-out) assumes that the newest items are sold first, so the remaining inventory consists of the oldest items, which may not reflect the current value of inventory.

The LIFO Inventory Method Produces the Most Up-To-Date Figure for Ending