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What method of inventory will result in reporting the greatest cost of merchandise sold during a period of consistently rising prices?
Wiki User
∙ 13y ago
Generally that would be LIFO or Last In First Out, which basically means, the last Inventory you get in is the first inventory you sale.
While prices are constantly rising, that would mean the higher priced items would sale first. That however, is ONLY if they were the ones received at the latest time/date.
Wiki User
∙ 13y ago
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