Accounting MCQ Accounting In a period when inventory costs are rising, the inventory method that most likely results in the highest ending inventory is:

In a period when inventory costs are rising, the inventory method that most likely results in the highest ending inventory is:

Naim 12:36 Accounting

In a period when inventory costs are rising, the inventory method that most likely results in the highest ending inventory is:

A) Lower of cost and net realizable value.

B) Weighted-average cost.

C) FIFO.

D) LIFO.

Answer: C

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