During periods of rising prices,and being primarily concerned with tax implications,most of the companies would select:

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During periods of rising prices, LIFO (last in, first out) is the best choice as it assumes that the last items purchased or produced are the first ones sold, resulting in a higher cost of goods sold and lower taxable income. This method allows companies to match their largest expenses (i.e. the more expensive inventory) to their revenues, which can help minimize their tax liability.

During Periods of Rising Prices,and Being Primarily Concerned with Tax