During a period of steadily rising costs, the inventory valuation method that yields the highest reported income is:

During a period of steadily rising costs,the inventory valuation method that yields the highest reported income is LIFO. The LIFO method refers to last in, first out. In many cases, this is a last resort method because most companies refer to use the FIFO method. The FIFO method is first in, first out because it helps make sure inventory does not get old.

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