Which cost assumption method assumes that unit sold must be those most recently acquired? * 0/1FIFO LIFOWAC

Which cost assumption method assumes that unit sold must be those most

1.	Which cost assumption method assumes that unit sold must be those most recently acquired? * 0/1FIFO LIFOWAC
Answer» FIFO is considered to be the more TRANSPARENT and trusted method of calculating cost of goods sold, over LIFO. ... LIFO allows a business to USE the most RECENT inventory costs first. These costs are typically higher than what it cost previously to produce or acquire older inventory. As such, profits are lower.Explanation:hope it was helpful

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Which cost assumption method assumes that unit sold must be those most recently acquired? * 0/1FIFO LIFOWAC​

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Which cost assumption method assumes that unit sold must be those most recently acquired? * 0/1FIFO LIFOWAC