Question content area top

Part $1$

Which inventory costing method assigns to ending merchandise inventory the

newestlong dash$$the

most

recentlong dash$$costs

incurred during the$$ period?

Question content area bottom

Part $1$

A$.$

$$First$-$in$,$ first$-$out$($FIFO$)$

B$.$

$$Weighted$-$average

C$.$

Specific identification

D$.$

$$Last$-$in$,$ first$-$out$($LIFO$)$