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Which method of pricing issues reflects the current market price and is used for calculating the issue price of obsolete and slow-moving stores?
  • a)
    Standard Price Method
  • b)
    Inflated Price Method
  • c)
    Market Price Method
  • d)
    Replacement Price Method
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which method of pricing issues reflects the current market price and i...
The correct answer is Option C: Market Price Method. This method prices materials at the current market price, which is the cost of the same type of materials in the market at any given time. It is used for calculating the issue price of obsolete and slow-moving stores. The market price method provides a realistic and competitive selling price.
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Which method of pricing issues reflects the current market price and is used for calculating the issue price of obsolete and slow-moving stores?a)Standard Price Methodb)Inflated Price Methodc)Market Price Methodd)Replacement Price MethodCorrect answer is option 'C'. Can you explain this answer?
Question Description
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