In which scenario would COGS be higher?

کس منظر نامے میں سی او جی ایس زیادہ ہوگا؟

Using FIFO in a period of rising prices

Using average cost method in stable prices

Using specific identification in falling prices

Using LIFO in a period of rising prices

COGS would be higher when Using LIFO in a period of rising prices.

As the most recent and expensive purchases are sold first.

This results in a higher cost of goods sold, reducing gross profit and net income.