Question: The most commonly used inventory costing method in the U.S. is: Multiple Choice FIFO. specific identification. LIFO. weighted average.
The most commonly used inventory costing method in the U.S. is: Multiple Choice FIFO. specific identification. LIFO. weighted average.
Step by Step Solution
3.51 Rating (158 Votes )
There are 3 Steps involved in it
LIFO Most US companies prefer LIFO over other methods of inventor... View full answer
Get step-by-step solutions from verified subject matter experts
