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Which inventory method results in the highest net income during periods of falling prices? a. LIFO b. Weighted average c. FIFO d. Specific identification

Which inventory method results in the highest net income during periods of falling prices? a. LIFO b. Weighted average c. FIFO d. Specific identification
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14 votes
Which inventory method results in the highest net income during periods of falling prices?

a. LIFO
b. Weighted average
c. FIFO
d. Specific identification

User Matei Florescu
by
8.2k points

1 Answer

4 votes
The answer is a. LIFO
User Xjcl
by
8.4k points
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