The lifo inventory method assumes that the cost of the latest units purchased are the first to be allocated to cost of goods sold. the first to be allocated to ending inventory. not allocated to cost of goods sold or ending inventory. the last to be allocated to cost of goods sold.

The correct answer is "b".

Answerfalse;

Students in mrs. carr’s class are asked to make a prediction after reading this passage from white fang.but the bane of his life was lip-lip. larger, older, and stronger, lip-lip had selected white fang for his special object of persecution. white fang fought willingly enough, but he was outclassed. his enemy was too big. lip-lip became a nightmare to him. whenever he ventured away from his mother, the bully was sure to appear.which student prediction is most reasonable?