Question: Question 7 4 pts What inventory costing method's ending inventory most closely approximates (i.e., reflects) the inventory's current replacement cost in inflationary periods? (Hint: Current

Question 7 4 pts What inventory costing method's ending inventory most closely approximates (i.e., reflects) the inventory's current replacement cost in inflationary periods? (Hint: Current replacement cost is the amount ! would pay at the present time to buy more inventory, so it is the most recent price.) Average Cost OLIFO O FIFO OLILO

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