If a company chooses the lifo method of inventory valuation

Reference no: EM13393315

If a company chooses the LIFO method of inventory valuation, which inventory will appear as ending inventory on the balance sheet?

a. The last inventory purchased.

b. The first inventory purchased.

c. An average of all inventory purchased.

d. The actual inventory which has not been sold.

Reference no: EM13393315

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