in periods of rising costs, which one of the following inventory cash flow assumptions will result in higher cost of sales? weighted average. first-in, first-out. last-in, first-out. moving average.

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04-11-2022
Business

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in periods of rising costs, which one of the following inventory cash flow assumptions will result in higher cost of sales? weighted average. first-in, first-out. last-in, first-out. moving average.

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Аноним Аноним · Answer 1 · 2022-11-14T04:15:49-05:00

"In periods of rising costs, the "last-in, first-out" inventory cash flow assumptions will result in higher cost of sales."

"Last-In, First-Out is also called LIFO. It is a technique used for cost flow assumption objective in the cost of commodities sold estimation. The LIFO technique supposes that the latest items put to a inventory have been sold initially . The costs reimburse for these new items are the ones acclimated in the calculation. LIFO inventory calculation is good for durable items and put current rates to estimate the cost of product sold."

To learn more about LIFO,

https://brainly.com/question/17236535

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