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Under inflationary conditions, ______ method will show highest value of closing inventory?
  • a)
    FIFO
  • b)
    LIFO
  • c)
    Weighted Average
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Under inflationary conditions, ______ method will show highest value o...
FIFO
in this method as first coming goods will go first
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Under inflationary conditions, ______ method will show highest value of closing inventory?a)FIFOb)LIFOc)Weighted Averaged)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
Question Description
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