A materials pricing method in which the oldest cost incurred rarely have an effect on the closing
Question:
A materials pricing method in which the oldest cost incurred rarely have an effect on the closing inventory valuation is
(a) FIFO
(b) LIFO
(c) Simple average
(d) Weighted average
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The correct answer is c Simple Average In the simple average method all costs incurred over a period ...View the full answer
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Collins Njuguna
I graduated from Maseno University with a Bachelor of Science in Applied Statistics. After graduation, I started tutoring students in mathematics. My experience in mathematics education is extensive and varied. I have taught a wide range of topics, including algebra, geometry, trigonometry, calculus, statistics, probability, and computer science. I have also worked with students of all ages and backgrounds, from elementary school to college.
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