During a period of steadily rising prices, which of the following inventory valuation methods is likely to result in the lowest cost of goods sold?

Question

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In periods of steadily rising prices, the FIFO (First-In, First-Out) inventory valuation method is likely to result in the lowest cost of goods sold. This is because the oldest inventory, which has a lower cost, is sold first, and the newest inventory, which has a higher cost, remains in the inventory. The result is a lower cost of goods sold and a higher ending inventory value. The other inventory valuation methods listed are not as well-suited to periods of rising prices.

During a Period of Steadily Rising Prices, Which of the Following