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Which inventory method results in the highest net income during periods of rising prices? a. LIFO b. Weighted average c. FIFO d. Specific identification

Which inventory method results in the highest net income during periods of rising prices? a. LIFO b. Weighted average c. FIFO d. Specific identification
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9 votes
Which inventory method results in the highest net income during periods of rising prices?

a. LIFO
b. Weighted average
c. FIFO
d. Specific identification

asked
User Atamata
by
8.2k points

1 Answer

13 votes
The answer is c. FIFO
answered
User Rajdeep D
by
7.8k points
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