2 years ago

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs?

1 answer:

4 0

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs? FIFO. The FIFO inventory method stands for first-in, first-out. This method allows businesses to keep track of their inventory on an old inventory out before the new inventory basis. The first out inventory is recorded as the first items sold even if they aren't exactly the oldest item.

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Answer and Explanation:

The matching is as follows

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In this way it should be matched

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KatRina [158]

Answer:

Its technically just a mark up on goods.

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jarptica [38.1K]

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Amanda [17]

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snow_tiger [21]

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