The inventory costing approach that produces the largest reported net profitability while purchase costs are consistently rising is the FIFO method.
What does accounting's inventory technique entail?
Accountants eliminate their company's inventory costs and report them as the cost of goods sold for accounting valuation using an inventory cost flow assumption. These presumptions include FIFO, LIFO, and WAC as examples.
Thus,
The inventory costing approach that produces the largest reported net profitability while purchase costs are consistently rising is the FIFO method.
Learn more about inventory method:
https://brainly.com/question/17097250
#SPJ1
