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The cost of materials has risen steadily over the year.

Which of the following methods of estimating the ending balance of the materials inventory account will result in the highest profit, assuming all other variables remain constant?

A. Last-in, first-out (LIFO).

B. First-in, first-out (FIFO).

C. Weighted average.

D. Specific identification.

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Question ajoutée par Utilisateur supprimé
Date de publication: 2015/02/13
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option B >>>>>>>>>>>>>>>>>>>>  First-in  first-out (FIFO).

Abdul Qayum
par Abdul Qayum , General Manager , Bridge Legal and Accounting Services

Option D###$$$$$$$$$$$########

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