Accounting MCQ Inventory Cost Flow Which method of inventory pricing best approximates specific identification of the actual flow of costs and units?

Which method of inventory pricing best approximates specific identification of the actual flow of costs and units?

Naim 00:01 Inventory Cost Flow

Which method of inventory pricing best approximates specific identification of the actual flow of costs and units?

A. LIFO
B. FIFO
C. Moving average
D. Weighted average

Answer: B. FIFO

Learn More :

If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.

Subscribe to: Post Comments (Atom)