In periods of rising prices. which is an advantage of using the lifo inventory costing method?

In periods of rising prices, which is an advantage of using the
LIFO inventory costing method?

A. Net income will be the highest and thus reflect the
prosperity of the company.

A. Net income will be the highest and thus reflect the
prosperity of the company.

A. Net income will be the highest and thus reflect the
prosperity of the company.
A. Net income will be the highest and thus reflect the
prosperity of the company.

B. Cost of goods sold will include latest (most recent) costs
and thus will be more realistic.

B. Cost of goods sold will include latest (most recent) costs
and thus will be more realistic.

B. Cost of goods sold will include latest (most recent) costs
and thus will be more realistic.
B. Cost of goods sold will include latest (most recent) costs
and thus will be more realistic.

C. Ending inventory will include latest (most recent) costs and
thus be more realistic.

C. Ending inventory will include latest (most recent) costs and
thus be more realistic.

C. Ending inventory will include latest (most recent) costs and
thus be more realistic.
C. Ending inventory will include latest (most recent) costs and
thus be more realistic.

D. Phantom profits are reported

D. Phantom profits are reported

D. Phantom profits are reported
D. Phantom profits are reported

Cost of goods sold will include latest (most recent) costs and thus will be more realistic.
In periods of rising prices, which is an advantage of using the
LIFO inventory costing method?



A. Net income will be the highest and thus reflect the
prosperity of the company.







B. Cost of goods sold will include latest (most recent) costs
and thus will be more realistic.







C. Ending inventory will include latest (most recent) costs and
thus be more realistic.







D. Phantom profits are reported

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