The _____ method of inventory record keeping allows for more "inventory profits" during inflationary periods.

The _____ method of inventory record keeping allows for more "inventory profits" during inflationary periods.

The _____ method of inventory record keeping allows for more "inventory profits" during inflationary periods.


a. revenue

b. retail

c. LIFO

d. FIFO

e. inflationary accounting


Answer: D


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