Under which method of inventory valuation, the average price used for valuation of goods issued is calculated without considering the quantity? a. Average price method b. Last In First Out (LIFO) c. First In First Out (FIFO) d. Weighted average method
Under which method of inventory valuation, the average price used for valuation of goods issued is calculated without considering the quantity? a. Average price method b. Last In First Out (LIFO) c. First In First Out (FIFO) d. Weighted average method
Chapter10: Inventory
Section: Chapter Questions
Problem 10MC: Which inventory costing method is almost always done on a perpetual basis? A. specific...
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Question
Under which method of inventory valuation , the average price used for valuation of goods issued is calculated without considering the quantity?
a.
Average price method
b.
Last In First Out (LIFO)
c.
First In First Out (FIFO)
d.
Weighted average method
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