During an inflationary period which inventory costing, Ask an Expert

Accounting

During an inflationary period, which inventory costing alternative will result in the lowest ending inventory balance?

A. FIFO

B. LIFO

C. weighted average

D. all inventory costing alternatives will result in the same net income

E. none of the above are correct

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M944012

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