Accounting MCQ Inventory Cost Flow What is the inventory pricing procedure in which the oldest costs rarely have an effect on the ending inventory?

What is the inventory pricing procedure in which the oldest costs rarely have an effect on the ending inventory?

Naim 00:03 Inventory Cost Flow

What is the inventory pricing procedure in which the oldest costs rarely have an effect on the ending inventory?

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

Answer: A. FIFO

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