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问题如下：

Q. The management discussion and analysis (MD&A) indicated that the prices of raw material, other production materials, and parts increased. Based on the inventory valuation methods described in Note 2, which inventory classification would least accurately reflect current prices?

选项：

A.Raw materials

B.Finished goods

C.Work in process

解释：

B is correct. Finished goods least accurately reflect current prices because some of the finished goods are valued under the last-in, first-out (“LIFO”) basis. The costs of the newest units available for sale are allocated to cost of goods sold, leaving the oldest units (at lower costs) in inventory. ZP values raw materials and work in process using the weighted average cost method. While not fully reflecting current prices, some inflationary effect will be included in the inventory values.