Question: Some companies prefer to use the Blank _ _ _ _ _ _ inventory accounting method because it provides a higher cost of goods sold

Some companies prefer to use the Blank______ inventory accounting method because it provides a higher cost of goods sold value and a lower inventory value during periods of rising prices.
Multiple choice question.
specific identification
first-in, first-out (FIFO)
last-in, first out (LIFO)
weighted average

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