Which inventory costing method results in the highest inventory balance during a period of rising purchase prices?
A)Weighted average cost
B)FIFO
C)LIFO
D)Both FIFO and LIFO result in the same inventory balance.

Question

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The Answer of Which inventory costing method results in the highest inventory balance during a period of rising purchase prices?
A)Weighted average cost
B)FIFO
C)LIFO
D)Both FIFO and LIFO result in the same inventory balance.

Which Inventory Costing Method Results in the Highest Inventory Balance