In a period when inventory costs are rising,the inventory method that most likely results in the highest ending inventory is:

Name: In a period when inventory costs are rising,the inventory method that most likely results in the highest ending inventory is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

FIFO (First-In, First-Out) assumes that the oldest inventory items are sold first, so the ending inventory consists of the most recently purchased, higher-cost items, resulting in a higher ending inventory value when costs are rising.

In a Period When Inventory Costs Are Rising,the Inventory Method