alleryStart learning →In rising prices, FIFO shows what versus LIFO?
ALower stock, higher COGS
BHigher stock, lower COGS
CLower stock, lower COGS
DHigher stock, higher COGS
Answer & Solution
Correct answer: B. Higher stock, lower COGS
FIFO leaves the newest, dearer purchases in stock and charges older, cheaper costs to sales.
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