Which of the following inventory method measures most closely the current cost of inventory? Show d. Specific identification  Students who’ve seen this question also like: Related Accounting Q&AFind answers to questions asked by students like you. Q: Under which method of inventory valuation, the average price is calculated considering the both the… A: The weighted average technique divides the cost of available products by the quantity of units… Q: Under which method of inventory valuation, the average price used for valuation of goods issued is… A: Inventory is the material in which the business deal. It is a very important component of company… Q: The inventory valuation method which assumes that the items purchased first are the first items to… A: Valuation of an inventory depends upon which items are sold first in the inventory cycle. This gives… Q: Which inventory method is least likely to be used under IFRS? C . Weighted average. 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Which inventory costing method provides the most current?LIFO gives the most realistic net income value because it matches the most current costs to the most current revenues.
What is the best inventory cost method?The most popular inventory accounting method is FIFO because it typically provides the most accurate view of costs and profitability.
Which method reflects the most recent costs of inventory on the balance sheet?In other words, under the first-in, first-out method, the earliest purchased or produced goods are sold/removed and expensed first. Therefore, the most recent costs remain on the balance sheet, while the oldest costs are expensed first.
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Which of the following inventory method reports most closely the current cost of inventory?
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