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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

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Question ajoutée par Asad zaman , Audit/Finance , Rafaqat Baber and co
Date de publication: 2015/04/25
Anas  Dawah
par Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

A..............................fifo

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

the best manner is LIFO ...... because we will use material before it price increase more

Utilisateur supprimé
par Utilisateur supprimé

Answer1 is the right option - FIFO.

Murtaza Sidhpur wala
par Murtaza Sidhpur wala , Accountant and Inventory Manager , Khalid -Al-Dabbus Tailoring Material Co. W.L.L

answer would be FIFO...............

FITAH MOHAMED
par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

2)>>>>>>>>>>>>>>>>>>>>>LIFO

Rizwan Khalid
par Rizwan Khalid , Chief Accountant , Promedic Saudi Arabia

2. LIFO Because always old purchases will be cheaper than the current one so offcourse it would reduce the cost of goods and finally it will boost profit.

ahsan raza
par ahsan raza , principal , saint francis degree college saria alamgir

In time of rising prices FIFO is used.

Basu Dev Pokhrel
par Basu Dev Pokhrel , Sales Executive , ABC Project Wll

Last in first out (LIFO) Because always old purchases will be cheaper than the current one so it would reduce the cost of goods.........

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