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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

tonyyuan

C

ydream

A

luolei2002

c

sxl10

b

savio

c

troyrentou

 c

sese1028

o

wendyxia

c

slqc

c