18. Which inventory measurement method would have the most recent costs in cost of goods sold? Last-in, first-out (LIFO) Weighted average Work-in-progress First-in, first-out (FIFO) 19 Net realisable value is a valuation method: only ever used when a business is forced to sell assets because of financial difficulties. always resulting in an asset value equivalent to the open market value. using the estimated proceeds of sale less all further costs to the stage of completion and less all costs to be incurred in marketing, selling and distribution to customers. which is easy to use because sale proceeds are always known D 20. Which of the following is not an identifiable intangible asset? A brand name Goodwill A patent Copyright