At a time of declining prices, which cost flow method will result in the highest ending inventory?

Question

24-08-2022
Business

contestada

At a time of declining prices, which cost flow method will result in the highest ending inventory?

Respuesta :

Otras preguntas

Which section comes FIRST in the Georgia State Constitution? A) Preamble B) Education C) Bill of Rights D) Executive Branch

Consider the effects of the independent transactions, a through h, on a company's balance sheet, income statement, and statement of cash flows. Complete the tab

what’s the slope for 4|x-5|=12

Trilobites to concert tickets from her friend she pays $90 for the two tickets she looks at the tickets and see that each ticket has a space value of 52. 50. Ho

"A Registered Investment Adviser publishes a web-based newsletter. He is approached by a marketing firm for a list of the RIA's customers. The marketing firm is

The details from this excerpt best support the inference that

Geometry- The base of a triangle is sqrt 18 cm and it’s height is sqrt 8 cm find it’s area.

Using the distributive property what is 2(-5+3) as an equivalent expression

Eugenia / mi amiga Frances Question 2 with 1 blankPamela / hablar español muy bien Question 3 with 1 blankel sobrino de Rosa / leer y escribir

Nestor's has net income of $315,000, total sales of $3.52 million, total assets of $4.4 million, and total equity of $1.98 million. What is the return on equity

anamta123ahmed anamta123ahmed · Answer 1 · 2022-08-29T19:52:27+02:00

At a time of declining prices, the cost flow method that will result in the highest ending inventory is LIFO.

If the costs are declining, it was the brand new stock purchase shall be at a decreased price and the oldest purchase shall be at a better fee. In the LIFO methods finishing stock is assumed from the oldest purchases, hence the LIFO assumption will result in the best ending inventory.

In a period of declining prices, LIFO will bring about the bottom value of products bought (maximum latest purchases) and the best ending stock (earliest purchases).

Last In First Out (LIFO) is a way used to account for stock. Under LIFO, the charges of the maximum latest merchandise purchased (or produced) are the primary ones to be expensed. For the duration of instances of rising charges, agencies may additionally find it beneficial to use LIFO price accounting over FIFO. below LIFO, firms can keep on taxes in addition to better fitting their revenue to their contemporary fees whilst charges are rising.

Learn more about LIFO here brainly.com/question/25887081

#SPJ4