The cost flow method where cost of goods sold consists of the most recent goods acquired is:

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Last-in, first-out (LIFO) assumes that the most recently acquired inventory is sold first, so the cost of goods sold consists of the cost of the most recent purchases. This method works well when prices are rising because it results in a higher cost of goods sold and lower taxable income. However, it may not reflect the physical flow of goods and can result in older inventory being overstated on the balance sheet.

The Cost Flow Method Where Cost of Goods Sold Consists