One advantage of the lifo method is that

A.) an equal cost is assigned to each unit so net income doesn't fluctuate as much as with other methods

B.) flow of goods and flow of costs are the same

C.) it matches current selling prices and current costs

D.) ending inventory is valued at very old costs

Question

5 November, 07:43

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Answers (2)

Know the Answer?

Myles · Answer 1

The answer to your question is letter C. It matches current selling prices and current costs.

Shirley · Answer 2

The answer to the question is c

One advantage of the lifo method is thatA.) an equal cost is assigned to each unit so net income doesn't fluctuate as much as with other methodsB.) flow of goods and flow of costs are the sameC.) it matches current selling prices and current costsD.) ending inventory is valued at very old costs