asked 94.9k views
4 votes
two companies report the same cost of goods available for sale but each empoys a different inventory costing method. if the price of goods has increased during the period, then the compnay using lifo will have the higest neding inventory

1 Answer

2 votes

Answer: fifo will have the highest ending inventory

Step-by-step explanation:

answered
User Don B
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories