Which inventory cost flow assumption would consistently results in the highest income in a period sustained inflation?
A. FIFO
B. LIFO
C. Weighted average
D. Specific identification
Answer: A. FIFO
Which inventory cost flow assumption would consistently results in the highest income in a period sustained inflation?
A. FIFO
B. LIFO
C. Weighted average
D. Specific identification
Answer: A. FIFO
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.