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Dimas [21]
3 years ago
13

During a period of consistently rising prices, the method of inventory that will result in reporting the greatest cost of mercha

ndise sold is a.first-in, first-out b.average cost c.last-in, first-out d.weighted average
Business
1 answer:
poizon [28]3 years ago
3 0

Answer:

c. Last-In, First-Out. (FIFO)

Explanation:

Under FIFO method of Inventory, we assume that the recently purchase goods are sold first. During a period of consistently rising prices, the recently purchased goods will have a greater cost.

Thanks!

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velikii [3]

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A firm purchased 50 units of materials with a unit price of $1.30 on June 1. On June 15, the firm purchased 50 units with a unit
dsp73

Answer: $83

Explanation:

Given that,

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8 0
3 years ago
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Alexxx [7]

Answer:

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3 years ago
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