What would be the right inventory accounting method in a commercial organization dealing with heavy equipment as well as consumable goods?

Question

Maria Charina Mandanas · Answer

First in First out method is most applicable accounting method especially for consumable goods to avoid deterioration and management of goods.

ruben anerdes · Answer

First expiry First out is the very best method for handling of consumable goods like groceries and any food products, specially the short shelf life.

AZEEZ NIYAS NADEEM · Answer

FIFO METHOD Would Be Preferred.