The cost method that will yield an ending inventory that is closer to current prices is the FIFO inventory cost method.
What do you mean by cost method?
Certain investments are recorded using the cost method of accounting in a company's financial statements. When an investor owns an investment and has little or no control over it, which is often expressed as owning less than 20% of the company, they adopt this strategy.
What is FIFO and LIFO method?
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique.
Learn more about FIFO and LIFO method: https://brainly.com/question/15344569
#SPJ4
