Question: The inventory methods that result in the most current costs in the income statement and balance sheet are Income Statement Balance Sheet a. FIFO FIFO
The inventory methods that result in the most current costs in the income statement and balance sheet are
| Income Statement | Balance Sheet | |
| a. | FIFO | FIFO |
| b. | LIFO | FIFO |
| c. | LIFO | LIFO |
| d. | FIFO | LIFO |
| A |
| B |
| C |
| D |
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