In a period of rising prices, which inventory valuation method would – McqOptions

MCQOPTIONS

1.	In a period of rising prices, which inventory valuation method would generally yield both the lowest ending inventory value and the lowest net income figure?
A.	First in, first out (FIFO)
B.	Last in, first out (LIFO)
C.	Weighted average
D.	Standard cost
Answer» C. Weighted average

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