NO.PZ2016012102000103
问题如下:
Under which of the following inventory valuation method the value of ending inventory on the balance sheet reflects the cost of earlist goods:
选项:
A.Last-in, first-out.(LIFO)
B.Weighted average cost.
C.First-in, first-out.( FIFO)
解释:
A is correct.
Under the LIFO method, the value of ending inventory reflects the cost of older goods.
ending在这里怎么理解,最后?还是旧的?