In a period of rising prices, the inventory method which tends to give the highest reported cost of goods sold is:
a. FIFO.
b. average cost.
c. LIFO.
d. none of these.
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Home » Business » In a period of rising prices, the inventory method which tends to give the highest reported cost of goods sold is: a. FIFO. b. average cost. c. LIFO. d. none of these.