In a period of rising costs, which inventory valuation method would a company likely choose if they want to have the highest possible balance of inventory on the balance sheet?
A) Weighted-average cost.
B) FIFO.
C) LIFO.
D) Straight-line.
Answer: B
Accounting MCQ
Accounting
In a period of rising costs, which inventory valuation method would a company likely choose if they want to have the highest possible balance of inventory on the balance sheet?
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