Accounting MCQ Inventory Cost Flow In a period of falling prices, which inventory method generally provides the highest amount of net income?

In a period of falling prices, which inventory method generally provides the highest amount of net income?

Naim 00:04 Inventory Cost Flow

In a period of falling prices, which inventory method generally provides the highest amount of net income?

A. Weighted average
B. Moving average
C. FIFO
D. LIFO

Answer: C. FIFO

Learn More :

If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.

Subscribe to: Post Comments (Atom)