contestada

The inventory costing method that reports the earliest costs in ending inventory is:_______

a. LIFO.
b. FIFO.
c. specific identification.
d. weighted average.

Respuesta :

Answer:

a. LIFO.

Explanation:

The LIFO method refers to an inventory method that means the item which is last purchased should be sold first during the period of time. So in this inventory method the earliest cost in the closing inventory should be recorded

Therefore the given situation, the correct option is a.

And, the other options are wrong

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