Examveda
Examveda

According to which method of pricing issues is close to current economic values?

A. Last In First Out

B. First In First Out

C. Highest In First Out

D. weighted average price

Answer: Option A

Solution(By Examveda Team)

According Last In First Out method of pricing issues is close to current economic values. LIFO Accounting means inventory which was acquired last would be used up or sold first.

Join The Discussion

Related Questions on Costing