Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

In a period of rising prices, which one of the following inventory methods usually provides the best matching of expenses against revenues?

A. Weighted average.

B. First-in, first-out.

C. Last-in, first-out.

D. Specific identification.

Accounting Auditing Banking
user-image
Question added by Deleted user
Date Posted: 2015/02/22
Upvote (0) Views (5) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Deleted user
by Deleted user

The appropriate method for this case is option C . LIFO method.

Muhammad Aamir Jahangir
by Muhammad Aamir Jahangir , Manager Accounts , AMCORP Engineering and Construction (Pvt) Ltd.

A. Weighted Average ..............................................................................

Write Your Answer
More Questions Like This