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In a period of rising prices, the inventory method that gives the lowest possible value for ending inventory is:
A. gross profit
B. LIFO
C. weighted average
D. FIFO
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The ending inventory under LIFO is priced at the earliest, and thus the lowest prices (in a period of rising prices) than any of the other methods.
NEW QUESTION: 2
A customer has a peak rolling average of 100 MB/s. They would like to preserve write order fidelity for up to 1 hour in their Hitachi Universal Replicator environment.
What should be the size of their journal group?
A. 200 GB
B. 300 GB
C. 100 GB
D. 360 GB
Answer: D
NEW QUESTION: 3
When medications have an additive, synergistic, or antagonistic effect on a tissue, a ________ reaction has occurred.
A. pharmacodynamic
B. pharmaceutical
C. drug incompatibility
D. pharmacokinetic
Answer: A
Explanation:
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