When costs to purchase inventory regularly decline, which method of inventory costing will yield the lowest cost of goods sold?

Multiple Choice

Weighted average.

FIFO.

LIFO.

Gross margin.

Specific identification.When costs to purchase inventory regularly decline, which method of inventory costing will yield the lowest cost of goods sold?

Multiple Choice

Weighted average.

FIFO.

LIFO.

Gross margin.

Specific identification.When costs to purchase inventory regularly decline, which method of inventory costing will yield the lowest cost of goods sold?

Multiple Choice

Weighted average.

FIFO.

LIFO.

Gross margin.

Specific identification.