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Exam CPIM topic 1 question 193 discussion

Actual exam question from APICS's CPIM
Question #: 193
Topic #: 1
[All CPIM Questions]

Which of the following methods of evaluating inventory most overstates the asset value when prices are falling?

  • A. First in, first out (FIFO)
  • B. Last in, first out (LIFO)
  • C. Average cost
  • D. Standard cost
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Suggested Answer: A 🗳️
by 89be026 at Nov. 26, 2025, 8 a.m.

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89be026
1 day, 10 hours ago
Selected Answer: B
Answer is LIFO (pricesa re falling so last in inventory will be sold first, leaves the older higher value inventory which OVERSTATES the balance sheet assets
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