Question: Generally, which inventory costing method approximates most closely the current cost for each of the following? Cost of goods sold Ending inventory a. LIFO FIFO

Generally, which inventory costing method approximates most closely the current cost for each of the following?

Cost of goods sold Ending inventory

a. LIFO FIFO

b. LIFO LIFO

c. FIFO FIFO

d. FIFO LIFO

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