Which inventory cost flow assumption generally results in the highest reported amount for cost of goods sold when inventory costs are falling?

weighted-average cost.

lifo.

straight-line.

fifo.

FIFO

Explanation:

The FIFO inventory system assumes that it's the first purchased inventory that is sold. So in a period of falling prices, the FIFO inventory system results in reporting the highest cost of good sold.

For example, a business has inventory on the 1st of February that costs $30 for 10 goods, on the 10th, they purchased an extra 10 goods that costs $20. If 10 goods were sold, the FIFO inventory system would record the cost of goods sold as $30. If the LIFO inventory system is used, cost of goods sold would be $20. If the weighted average was used it would be $25.

I hope my answer helps you

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy