Explain the following two methods of pricing issue of materials and also the circumstance under which these
Question:
Explain the following two methods of pricing issue of materials and also the circumstance under which these methods are used.
(i) FIFO
(ii) LIFO
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
i FIFO FirstIn FirstOut Method Explanation FIFO which stands for FirstIn FirstOut is a method of pricing the issue of materials where the materials that were acquired or produced first are the ones th...View the full answer
Answered By
Ma Kristhia Mae Fuerte
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
