Question

One advantage of the LIFO method is that
A. an equal cost is assigned to each unit, so net income doesn’t fluctuate as much as with other methods.
B. flow of goods and flow of costs are the same.
C. it matches current selling prices and current costs.
D. ending inventory is valued at very old costs.

Answer 1

@AloneS

Answer 2

Any ideas?

Answer 3

i'm thinking its A

Answer 4

Hrmm I'm not sure, maybe C or A.