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The valuation of inventory according to Last In First Out method of pricing is done at,

I] The latest prices II] The earliest prices III] At average prices IV] None of these

Accounting Auditing Cost Accounting Financial Accounting managerial accounting
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Question added by Mohammad Ali , Accounts Officer ( Contract) , Bharat Pumps & Compressors Ltd Naini Allahabad
Date Posted: 2014/12/27
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Muhammad Javed
by Muhammad Javed , Manager Finance , EuroMoto

Answer is II  ----The earliest prices

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