A method of valuing inventory in which the items acquired last are treated as the ones sold first. What is it?
a. FIFO
b. LIFO
c. Weighted Average
d. Specific method
e. None of these
Answer: B
A method of valuing inventory in which the items acquired last are treated as the ones sold first. What is it?
a. FIFO
b. LIFO
c. Weighted Average
d. Specific method
e. None of these
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.