Accounting MCQ Inventory Cost Flow In a period of falling prices, which inventory method generally provides lowest amount of ending inventory?

In a period of falling prices, which inventory method generally provides lowest amount of ending inventory?

Naim 00:03 Inventory Cost Flow

In a period of falling prices, which inventory method generally provides lowest amount of ending inventory?

A. Weighted average
B. FIFO
C. Moving average
D. Specific identification

Answer: B. FIFO

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