Accounting MCQ Accounting In a period when inventory costs are falling, the lowest taxable income is most likely reported by using the inventory method of:

In a period when inventory costs are falling, the lowest taxable income is most likely reported by using the inventory method of:

Naim 12:36 Accounting

In a period when inventory costs are falling, the lowest taxable income is most likely reported by using the inventory method of:

A) Weighted-average.

B) LIFO.

C) Moving-average.

D) FIFO.

Answer: D

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