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The inventory costing method that reflects the cost flow in the reverse order and will report the earliest costs in ending inventory is last in first out. This makes use of a perpetual inventory system.

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Under which method of inventory cost flows is the cost flow assumed to be in the reverse order in which the expenditures were made?

false


Under which method of inventory cost flows is the cost flow assumed to be in reverse order in which expenditures were made?

LIFO


What method of inventory cost flows is the cost flow assumed in reverse order?

THERE ARE THREE METHODS OF INVENTORY COSTS FLOW. 1: LIFO=first in first out 2; LIFO= last in first out 3: AVERAGE method and your answer is LIFO


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