Which inventory costing method assigns the newest, most recent, costs incurred during the period to ending inventory?

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Which inventory costing method assigns the newest, most recent, costs incurred during the period to ending inventory?

a. Specific-unit cost

b. First-in, first-out (FIFO)

C. Last-in, first-out (LIFO)

d. Average cost

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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