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What align ending inventory with current replacement values

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Reference no: EM132489917

Question 1: CandyTime Inc. opened for business to manufacture and sell custom and rebranded candies. The inventory account consists of raw materials, work in process, purchased finished goods and manufactured finished goods. The CFO expects a significant price decline in raw materials because of an increase in competitors entering the market. If the CFO's prediction is correct regarding prices, which cost flow assumption would most accurately align ending inventory with current replacement values?

Group of answer choices

Option a. Weighted average cost method.

Option b. LIFO.

Option c. FIFO.

Reference no: EM132489917

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