During a period of increasing cost prices,which inventory costing method will yield the lowest cost of goods sold?

Name: During a period of increasing cost prices,which inventory costing method will yield the lowest cost of goods sold?
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Question

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FIFO (First-In, First-Out) assumes that the oldest inventory items are sold first. During periods of rising costs, the older, cheaper costs are matched against revenues, resulting in a lower cost of goods sold compared to LIFO or weighted average methods.

During a Period of Increasing Cost Prices,which Inventory Costing Method