question archive If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold? LIFO FIFO Weighted average LIFO, FIFO, and weighted average will all produce equal amounts
If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold? LIFO FIFO Weighted average LIFO, FIFO, and weighted average will all produce equal amounts
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If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold?
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- LIFO
- FIFO
- Weighted average
- LIFO, FIFO, and weighted average will all produce equal amounts.
Option 1
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Option 2
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