Which method of pricing can be used satisfactorily in eit...
Which method of pricing can be used satisfactorily in either rising or falling price situation?
Market price
Average method
FIFO
Standard price
Correct answer is B
An average method which accommodate all the prices and then divide (inform of mean) is well acceptable in either of the two situation.
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Given: Capital:..G...........N5000 ..........T...........N8000 Drawings: G...........N2000 ......