What method yields results that are essentially the same as those of the conventional retail method?
A) FIFO.
B) Lower-of-average-cost-or-net realizable value.
C) Average cost.
D) LIFO.

Question

Quizplus · Accepted Answer

The lower-of-average-cost-or-net realizable value method yields results similar to the conventional retail method, which also considers the lower of cost or market.

What Method Yields Results That Are Essentially the Same as Those