What are the cost formulas permitted by IAS2?

- Newsfeed
- Find People
- More
- - Products By Bayt.com
    
    Bayt.com
    
    Shagheel
    
    Specialities
    
    Learning
    
    Companies
    
    Salaries
    
    People
    
    Blog
- - العربية
- Use Our Mobile App
  
  Get contacted by recruiters directly with our newest chat feature!
  
  Download Now

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
Cost formula application for Inventory Valuation, Which is not permissible as p...
Posted by:
ABDUL MAJEED KOOTHRADAN
06-October-2014

a. FIFO and LIFO b. FIFO and AVCO c. LIFO and AVCO d. FIFO, LIFO and AVCO

IAS Financial Accounting

Question added by Deleted user
Date Posted: 2013/08/28

Upvote (3) Views (6) Followers (3) Answers (2) Report Question

Write an Answer
Register now or log in to answer.

2 Answers

Mohammed Mohammed

by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store

FIFO and Weighted average.....

Upvote (0)

Downvote Reply () Report

by Prince Ninan , Audit Executive , Lewis & Pecker

FIFO and AVCO

Upvote (0)

Downvote Reply () Report

Popular Searches

Engineers Jobs Sales Executive Jobs Accountant Jobs Software Engineer Jobs Engineering Technicians Jobs

Write Your Answer

More Questions Like This

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
Top Answer: the best manner is LIFO ...... because we will use material before it price increase more See More

Answers (8)
When prices are decreasing, what is the best option to calculate the cost of inventory? Is it FIFO, LIFO or Weighted Average Cost method?
Top Answer: <p>LIFO as supposed but it`s not an actual way </p> See More

Answers (2)
In periods of rising costs, which one of the following inventory cash flow assumptions will result in higher cost of sales FIFO LIFO ?
Top Answer: In periods of rising costs, which one of the following inventory cash flow assumptions will result in hig ... See More

Answers (10)
What is the difference between FIFO, LIFO, and Average Cost?
Top Answer: FiFo : First In First Out Lifo : Last In First Out Average Cost : Pricing Exchang stock depending on aver ... See More

Answers (2)