In the period of rising prices, which method of stock val...
In the period of rising prices, which method of stock valuation is most appropriate?
Last in First Out
Weighted average
First in First Out
Simple average
Correct answer is A
Last in first out:when price rise it results to lower bet income because the leftover inventory might be extremely old and perhaps obsolete
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\(\begin{array}{c|c} Capital & Le\\ \hline Aye & 20,000\\ Bee & 30,000\\ Drawings & ...