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Which of the following inventory valuation methods is likely to lead to the lowest figure for closing inventory at a
time when prices are rising?
A Average cost
B First in, first out (FIFO)
C Last in, first out (LIFO)
D Replacement cost

 

 

C

c

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c

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A

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the answer

ths

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A

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c

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c

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C last in first out

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