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In which method of material pricing are materials issued at the most recent market price?
  • a)
    FIFO Method
  • b)
    LIFO Method
  • c)
    Standard Cost Method
  • d)
    Weighted Average Cost Method
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
In which method of material pricing are materials issued at the most r...
In the Last-In First-Out (LIFO) Method, materials are issued at the most recent market price. This method assumes that the most recently purchased materials are the first to be used, allowing for the pricing of materials based on their more recent purchase cost.
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In which method of material pricing are materials issued at the most recent market price?a)FIFO Methodb)LIFO Methodc)Standard Cost Methodd)Weighted Average Cost MethodCorrect answer is option 'B'. Can you explain this answer?
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