Question: If the FIFO ( first - in first - out ) inventory method was used last period, it should be used for the current and

If the FIFO (first-in first-out) inventory method was used last period, it should be used for the current
and following accounting periods because of
Materiality
Neutrality
Consistency
Understandability
An unadjusted trial balance
Proves the equality of debits and credits in the ledger
Proves that no errors were made during the recording process
Provides the information needed to prepare the financial statements
Proves that amounts have been posted to the correct account
If the FIFO (first-in first-out) inventory method was used last period,

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