In the time Rising prices which of the following Inventory valuation method will give the highest profit for the company 1)FIFO 2)LIFO 3)AVCO

Answer1 is the right option - FIFO.

answer would be FIFO...............

2. LIFO Because always old purchases will be cheaper than the current one so offcourse it would reduce the cost of goods and finally it will boost profit.

In time of rising prices FIFO is used.

Last in first out (LIFO) Because always old purchases will be cheaper than the current one so it would reduce the cost of goods.........