超星 - 5.3 Exercise - 查题吧

单选题

Inperiodsofrisingprices ,FIFOwillproduce ().

A. thesamenetincomeasweighted-averagecost
B. highernetincomethanweighted-averagecost
C. lowernetincomethanweighted-averagecost
D. alloftheabove

单选题

Which accounting method provides exactly which purchase to use for the cost of goods sold?

A. FIFO
B. LIFO
C. Weighted Average
D. Specific Identification

单选题

Under the FIFO method, we want to use what type of inventory for calculating cost of goods sold:

A. Mostrecentinventoryfirst
B. Averageinventory
C. Oldestinventoryfirst
D. Specificallyidentifiedcost

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