Which inventory costing method assigns the cost of the most recent items purchased to ending inventory?
A)Specific identification
B)Weighted average cost
C)LIFO
D)FIFO

Name: Which inventory costing method assigns the cost of the most recent items purchased to ending inventory? A)Specific identification B)Weighted average cost C)LIFO D)FIFO
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Question

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FIFO (First-In, First-Out) assigns the cost of the most recent items purchased to ending inventory, as it assumes that the oldest items are sold first.

Which Inventory Costing Method Assigns the Cost of the Most