Which inventory costing method assigns the newest, most recent costs incurred during the period to ending inventory?
Question:
Which inventory costing method assigns the newest, most recent costs incurred during the period to ending inventory?
a. Last-in, first-out (LIFO)
b. Specific-unit cost
c. Average cost
d. First-in, first-out (FIFO)
AppendixLO1
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Related Book For 
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
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