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Which methods are used in managing inventory and financial matters involving the amount of money a company has to have tied up within the inventory of produced goods, raw materials, parts, components, or feed stocks.
  • a)
    FFIO and FUFO Accounting
  • b)
    FUFO Accounting
  • c)
    FEFO Accounting
  • d)
    FIFO and LIFO accounting
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which methods are used in managing inventory and financial matters in...
"FIFO" stands for first-in, first-out, meaning that the oldest inventory items are recorded as sold first but do not necessarily mean that the exact oldest physical object has been tracked and sold. In other words, the cost associated with the inventory that was purchased first is the cost expensed first. "LIFO" stands for last-in, first-out.
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Which methods are used in managing inventory and financial matters involving the amount of money a company has to have tied up within the inventory of produced goods, raw materials, parts, components, or feed stocks.a)FFIO and FUFO Accountingb)FUFO Accountingc)FEFO Accountingd)FIFO and LIFO accountingCorrect answer is option 'D'. Can you explain this answer?
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Which methods are used in managing inventory and financial matters involving the amount of money a company has to have tied up within the inventory of produced goods, raw materials, parts, components, or feed stocks.a)FFIO and FUFO Accountingb)FUFO Accountingc)FEFO Accountingd)FIFO and LIFO accountingCorrect answer is option 'D'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Which methods are used in managing inventory and financial matters involving the amount of money a company has to have tied up within the inventory of produced goods, raw materials, parts, components, or feed stocks.a)FFIO and FUFO Accountingb)FUFO Accountingc)FEFO Accountingd)FIFO and LIFO accountingCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which methods are used in managing inventory and financial matters involving the amount of money a company has to have tied up within the inventory of produced goods, raw materials, parts, components, or feed stocks.a)FFIO and FUFO Accountingb)FUFO Accountingc)FEFO Accountingd)FIFO and LIFO accountingCorrect answer is option 'D'. Can you explain this answer?.
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