Question: 35. Assuming constant inventory quantities, which of the following inventory-costing methods will produce a lower inventory turnover ratio in an inflationary economy? a. FIFO (first

35. Assuming constant inventory quantities, which of the following inventory-costing methods will produce a lower inventory turnover ratio in an inflationary economy?

a. FIFO (first in, first out).

b. LIFO (last in, first out).

c. Moving average.

d. Weighted-average.

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