CZ760-Financi C Q Search g/user/attempt/quiz start frame.d217ou-515178isprv-&drc

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CZ760-Financi C Q Search g/user/attempt/quiz start frame.d217ou-515178isprv-&drc-1;&qi; 272375&cfql-08dnb-0; inancial Accounting for Managers SP18B-Sectio D00 AssessmentsCommunicationMy Tools ime Left:155:27 Sharde Johnson: Attempt 1 Question 7 (6 points) If merchandise inventory is being valued at cost and the price level is consistently rising, which method of costing will yield the highest inventory? A) LIFO B) Average cost C All methods will generate the same gross profit. D) FIFO Save Save All Responses Go to Submit Quiz

Explanation / Answer

When price level is consistently rising then in FIFO method lower amount inventory will be sold and higher amount of inventory will retain

So answer is d) FIFO

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