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a. FIFO, b. LIFO, c. Average Cost, d. Specific Cost.
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Bothe methods can be used FIFO or LIFO or weighted average
FIFO and LIFO both are best to sell a product in large quantities.
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all methods can be used FIFO or LIFO or weighted average
i can not say best one ,,
it depends upon Company system and management Vision
Thank you for the invitation:
I can see in the nails, an ordinary item that do not affected largely by inflation or has no expire date.
In this case I can see many method can be used but we need to know it is a manufacturing or a trding company ?? Raw materials are imported or from local market ? The decision could be better if we know more details
Thank you
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