Which of the following inventory costing methods yields the lowest Ending inventory when costs are rising during the accounting period?

Name: Which of the following inventory costing methods yields the lowest Ending inventory when costs are rising during the accounting period?
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Question

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With rising costs, the last-in, first-out (LIFO) method would yield the lowest ending inventory because the most recent and highest costs are assumed to be sold first, leaving the older and lower costs in inventory.

Which of the Following Inventory Costing Methods Yields the Lowest